It is expected that the discovery will add to the previously announced gross discovered recoverable resource estimate for the block, which is currently estimated to be approximately 105 million barrels gross. The Company announced the spudding of the well on
During the drilling operations at Hibiscus North, the Gamba was encountered at a depth of 2794m meters and encountered approximately 13.5m of oil-bearing reservoir in the Upper Gamba sandstone. Determination of the overall hydrocarbon column is pending open hole wireline logging operations which will be conducted after drilling the well to the planned total depth.
The Borr Norve Jack-up is continuing drilling operations to intersect the secondary targets for the exploration well in the deeper Dentale Formation.
After reaching total depth, logging operations and evaluation of the oil discovery will be undertaken , which will be followed by the drilling of a side-track to delineate the field.
The Dussafu Block is 850 square km.
For further information, please contact:
Knut R. Sæthre, CFO BW Energy, +47 91 11 78 76
ir@bwenergy.no
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This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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