OilVoice - Maurel & Prom Reports Success of OMGW-1 well in Gabon

Maurel & Prom Reports Success of OMGW-1 well in Gabon

Tuesday, December 22, 2009

Omoueyi exploration licence (operator, 100%)
Maurel & Prom announces the success of the OMGW-1 exploration well (Gwedidi-1), located 8 km northwest of the Onal production centre, on the Omoueyi exploration permit. Drilling has reached a depth of 1,765 m and has met in the 'Grès de base' play, saturated hydrocarbon reservoirs, 71 m of which have been perforated. During the 32/64'' choke tests, it has been shown an eruptive flow of 1,500 bopd, during the 40/64'' choke tests with a head-pressure of 550 psi, it has been shown an eruptive flow of 3,000 bopd with a head-pressure of 374 psi. The encountered reserves would show excellent permeability and porosity characteristics.

An additional seismic survey is being conducted and would allow a development program to be constructed. A request for Exclusive Development Authorization will be submitted to the authorities in the first half of 2010. In between Maurel & Prom will ask for a 3 month production test.

This discovery is a success for the Group. It hopes to boost its exploration program in this region, which is close to the Onal and Omko fields and still harbours potential in terms of production as well as reserves. It could up the level of the production for Maurel & Prom in Gabon, following the disappointing results of Omko-102 and Omko-301.

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