BW Energy announces oil flow offshore Gabon

BW Energy has announced first oil flow from the Tortue Phase 2 field development project, in the Dussafu Marin Permit offshore Gabon.

The CEO of the Exploration and production company, Carl Arnet in a statement said, “Tortue Phase 2 will provide a substantial increase in production this year and we are pleased to again have executed ahead of schedule. Following completion of Tortue Phase 2, we will seek to unlock additional reserves through a new exploration well in the Dussafu license where we so far have had 100% exploration success rate,”

The Gamba well, DTM-5H, successfully produced oil ahead of schedule on March 4, 2020. The second well, DTM-4H, is expected to come onstream this week. The DTM-4H and DTM-5H wells are the first of two clusters. The second cluster is currently being drilled and is scheduled to begin production by June 2020.

The Dussafu Marin joint venture consists of BW Energy (73.5%), Tullow Oil (10%), Gabon Oil Company (9%) and Panoro Energy (7.5%).

Gabon is among the top five oil producers in Sub-Saharan Africa, has been an oil producer for more than 50 years and had its peak oil production in 1997, reaching 370,000 barrels per day.

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