BW Offshore: Successful Completion of First Production Well at Tortue
April 09 2018 - 1:00AM
BW Offshore is pleased to announce the successful
drilling and completion of the first development well, DTM-2H,
located in the Tortue field, within the Dussafu License, offshore
Gabon.
Drilling of the oil production
well commenced in late January 2018 and was completed with no
safety-related incidents, on schedule and within budget.
Interpretation of the logging results indicates that the well was
entirely consistent with pre-drill prognosis and objectives. DTM-2H
was drilled and completed as a horizontal production well in
the Dentale D6 reservoir and encountered a long horizontal
section of oil-saturated Dentale D6 sandstone.
Following demobilisation at the
DTM-2H well, the Borr Norve drilling rig will commence operations
on the DTM-3 appraisal well to the northwest on the Tortue
field. After completion, the rig is scheduled to drill and complete
the horizontal oil production well, DTM-3H, in the Gamba
sandstone. Drilling operations are expected to continue until the
end of June.
"I would like to
congratulate our project team for reaching this important milestone
in the commercialisation of the Dussafu license," said Carl K.
Arnet, CEO of BW Offshore. "We are confident that our dedicated
team of professionals within disciplines such as HSE, drilling
engineering, geosciences, finance, supply chain and management,
will continue to move this project forward in a safe and efficient
manner."
For further information, please
contact:
Knut R. Sæthre, CFO, +47 911 17 876
IR@bwoffshore.com or www.bwoffshore.com
About BW
Offshore:
BW Offshore is a leading global provider of
floating production services to the oil and gas industry.
BW Offshore has a fleet of 15 FPSOs and one FSO
represented in all major oil & gas regions world-wide. BW
Offshore has a long track record on project execution and
operations. In more than 30 years of production, BW Offshore has
executed 39 FPSO and FSO projects. The company is listed on
the Oslo Stock Exchange.
This information is subject
to the disclosure requirements pursuant to section 5 -12 of the
Norwegian Securities Trading Act.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: BW Offshore via Globenewswire
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