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BW Energy announces promising new oil discovery off Gabon Coast, Africa
Africa is richer due to a significant new oil discovery by BW Energy, an exploration and oil and gas production listed in Oslo. The discovery occurred in a pilot appraisal well located in the licensed Dussafu field, off the coast of Gabon. discovereda it was made with one self-elevating platform supplied by Borr Drilling, a offshore drilling contractor, according to the Offshore Energy website.
Details of Africa's oil discovery
BW Energy reported that found good quality oil in the well pilot DHIBM-7P, drilled to assess the northern flank of the Hibiscus field. This field is part of the Hibiscus/Ruche development of the company, situated approximately 20 kilometers northwest of the Tortue field.
According to Carl K. Arnet, CEO of BW Energy, “This is further confirmation of the significant potential of the Dussafu license, which BW Energy is rapidly unlocking through low-cost, low-risk development activities.”
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The DHIBM-7P well was drilled at a total depth of 3.941 meters from the MaBoMo production platform, a former jack-up drilling platform repurposed as an offshore production facility with 12 well slots. The target area for oil discovery is about 1,5 kilometers away north-northwest of MaBoMo and was drilled by Borr Drilling's Norve rig.
Petrobras has also considered discovering oil in Africa
Impact and future perspectives
Through evaluation of logging data, sample examination and formation pressure measurements, BW Energy confirmed the existence of approximately 24 meters of pay in a total hydrocarbon column of 37 meters. This discovery marks the first example of a common accumulation of Gamba-Dentale hydrocarbons in the Hibiscus field.
BW Energy's preliminary assessment indicates a notable increase in oil discovery not only in the volume of existing oil, but also in the gross recoverable reserves. Once the final data is available, the company is expected to update the analysis and publish the results.
The DHIBM-7P well will be completed as a production well at the end of 2024, together with the DHBSM-2P well in the Hibiscus South field, drilled to test a possible northeast extension of the field. After the start of production from the DHBSM-1H well in March, it is expected that the development project Hibiscus/Ruche produces oil transported by pipeline to the FPSO BW Adolo, where it will be processed and stored before being offloaded to export tankers.
Growth of the hydrocarbon sector in Africa
BW Energy is not the only company expanding its oil portfolio in Africa. Companies from different countries are intensifying the search for hydrocarbons in African waters. The recent discovery of oil in Angola and Namibia are transforming the continent into a new center of exploration.
Carbon Circle and Amplus VGE, a joint venture between the United Kingdom's Amplus Energy and Nigeria's Versatile Group (VG Energy), have agreed to pool resources to develop marginal oil and gas fields in West Africa. Currently, seven African countries produce liquefied natural gas (LNG) for export, and this number is expected to increase by 2035, with Senegal, Mauritania, Congo, Tanzania and Ethiopia joining the list, in addition to new LNG plants planned in Nigeria and Mozambique.
With so much corruption in Africa, nothing will come of it. Sad reality.
The powers only think about corrupting African leaders to steal Africa's riches. Our reality
Africa is not rich, we only have resources and much more than has ever been found. Resources are not wealth, we are poor!!!
Africa is rich, but Africans (population) are poor. What an inconsistency!