BW Offshore: Additional well to be drilled at Dussafu
May 16 2018 - 1:30AM
BW Offshore is pleased to announce that the
company plans to drill an additional appraisal well to test one of
several prospects that have been mapped in the Ruche area, within
the Dussafu Licence, offshore Gabon.
The drilling campaign on the Ruche
North East prospect is planned to commence mid-2018, following
completion of the two production wells and the appraisal well at
the Tortue field.
The objective of the appraisal
well is to identify additional resources in the greater Ruche area,
which will be aggregated with the existing Ruche discoveries and
form the basis for future development phases.
"The planned well offers an
attractive risk-reward profile. The Borr Norve drilling rig is
already nearby and available, allowing us to spread mobilisation
costs across additional wells. Data from the 2016 site survey at
the Ruche North East location points to a good probability of
success," said Carl K. Arnet, the CEO of BW Offshore. "The location
adjacent to an existing discovery to facilitate a development is
another important reason to drill the well."
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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