Woodside hits second strike off Gabon

24 April 2018, Week 16, Issue 736

Australia’s Woodside Petroleum has made a second oil discovery offshore Gabon, the company announced last week in its first quarter report. 

The company announced success at the Ivela-1 well, in the E13 block – known as Luna Muetse – which was completed during the quarter. The Ivela-1 found a 78 metre gross oil column and assessment is ongoing by the operator, Repsol, it said. This followed the Boudji-1 exploration well, drilled in the F14 block, known as Likuale, which intersected a gross 90 metre oil and gas column in high-quality hydrocarbon-bearing pre-salt sands, it said. 

The Ivela-1 reached a total depth of 5,487 metres, using the West Capella drillship, while Boudji-1 reached 5,440 metres. 

Woodside has a 40% stake in Luna Muetse, while Spain’s Repsol has 60%. The well was spudded on January 28, following the Boudji-1 well, where work began in October 2017. 

Malaysia’s Petronas announced the Boudji-1 find in March. The company said the well had been drilled in 2,800 metres of water. Petronas has a 50% stake in the block, while Woodside has 30% and the Gabonese government the remaining 20%. 

Most previous work offshore Gabon has focused on the post-salt, but onshore fields have demonstrated the potential of the pre-salt. However, a number of finds have been made here, including Eni’s Nyonie Deep and Royal Dutch Shell’s Leopard, both in 2014, and Total’s Diaman in 2013. These three finds have only found gas, though, which would prove harder to exploit. 

Woodside also noted that work was continuing on the Rabat Deep-1 well, offshore Morocco. Work on this well began in mid-March. 

“In 2017, we completed our drilling programme in Senegal ahead of schedule and under budget. We have also completed two wells in Gabon. Later this year, we’ll be progressing initial engineering and design work on SNE-Phase 1, our offshore development in Senegal, ahead of an anticipated final investment decision [FID] in 2019,” said Woodside’s CEO, Peter Coleman. 

During the quarter, Woodside – acting as development lead – said it had released an invitation to tender packages for various works in Senegal, on the floating production, storage and offloading (FPSO) facility, subsea infrastructure and drilling rig. 

Edited by

Ed Reed


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