Vaalco Restored Drilling Offshore Gabon

Vaalco Restored Drilling Offshore Gabon

Houston-based Vaalco Energy has reported that the South Tchibala 2-H well, offshore Gabon, is back in production after experiencing issues with the electrical submersible pump system, Offshore Energy Today reported.

During the  summer, Vaalco experienced issues at both the South Tchibala 2-H and the Avouma 2-H wells, which suffered from ESP system failure. Prior to temporarily shutting in the well after the ESP system failed, the South Tchibala 2-H well’s gross production was approximately 1700b/d of oil. The well is currently producing at a stabilized rate of 1600b/d gross, or430 b/d net to Vaalco, informed Offshore Engineer.

Vaalco’s Chief Operating Officer and Interim CEO, Cary Bounds, commented that he is especially pleased that the company has demonstrated that it can conduct well interventions utilizing a hydraulic workover unit, which resulted in a more efficient operation at a lower cost when compared with the prior practice of employing a drilling rig. He added :“With the recent rise in commodity prices and the resumption of production from the Avouma platform, we are optimistic about our outlook for 2017.”

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