VAALCO Energy, Inc. (EGY) today announced that production from Well 2-H in the Ebouri field, offshore Gabon, has resumed following successful wireline remedial work. VAALCO expects production to stabilize at approximately 2,500 gross barrels of oil per day, 700 net to VAALCO.
The well was temporarily shut-in in early October 2014 after pressure communication was detected between the tubing and casing. On Tuesday December 16, 2014, the tubing leak causing the pressure communication was repaired via wireline intervention. This wireline repair negates the need for a more costly workover which would have required a drilling rig.
VAALCO continues its drilling program on the Etame platform, with the drilling of the second platform well. The well is targeting the Gamba formation in the southernmost fault block of the Etame field, and is expected to be completed and put on production in February 2015.
About VAALCO
VAALCO Energy, Inc. is a Houston based independent energy company principally engaged in the acquisition, exploration, development and production of crude oil. VAALCO’s strategy is to increase reserves and production through the exploration and exploitation of oil and natural gas properties with high emphasis on international opportunities. The company’s properties and exploration acreage are located primarily in Gabon, Angola and Equatorial Guinea in West Africa.
Source: VAALCO ENERGY
