The project will involve the drilling of six horizontal production wells throughout a 12-well phase program, four of which will target the Hibiscus field while two will target the Ruche field and will be connected to BW’s MaBoMo offshore production facility.
Furthermore, installation work and completion of the 20km connection-line between the BW MaBoMo production facility and the BW Adolo Floating Production Storage and Offloading facility was finalized in early-January.
“We are on track for first oil towards the end of the first Quarter,” stated Carl Krogh Arnet, CEO of BW Energy, adding, “This will be the first step of many on a path for successive production growth as we complete the drilling Hibiscus/Ruche Phase 1 program and asset upgrades through 2023 and into early 2024.”
Expected to add approximately 30,000 barrels per day of total oil production when all wells have been completed in early 2024, the Hibiscus/Ruche Phase 1 drilling campaign is estimated to contain up to 70.2 million barrels of oil in gross proven and probable reserves. Additionally, installation of a new gas lift compressor to support production for the six wells is currently ongoing.
“With the production facilities and flowlines successfully installed, commencement of the Hibiscus/Ruche Phase 1 production drilling program in early January together with the imminent commissioning of the new gas lift compressor at the producing Tortue field keeps us on track to achieve our targeted 2023 peak rate of 12,500 barrels of oil per day during the course of the year,” stated John Hamilton, CEO of Panoro Energy, in a separate statement.
BW Energy is the operator of the Dussafu Marine license, holding a 73.5% working interest, while independent E&P company, Panoro Energy, holds a 17.5% interest, with national oil and gas company, Gabon Oil Company, holding the remaining 9%.