Project Profile
Value: US$250 million
Location:
Start-up Year: 2014
Area: 1,333sq km
The shallow water well was drilled to a total depth of 7,100ft (2,163m) and hit 150ft (45m) of net oil pay. It was subsequently sidetracked down dip to delineate the discovery and hit 114ft (35m) of net oil pay. Only one well was previously drilled on the block –Jupiter. This was back in 2004 and it was plugged and abandoned. The block covers 1,333sq km. The field has proven and probable reserves of 33m boe.
Operators:
GEPetrol: Operator
Independent Vaalco Energy
Petronas (Petroliam Nasional Berhad)
Crown Ventures Energy
Atlas Petroleum
Equatorial Guinea Government