BW Energy to explore offshore southern Gabon

Oct. 31, 2024
BW Energy will explore blocks offshore southern Gabon after signing production sharing contracts with Gabon’s Petroleum Minister and Minister of Economy.

BW Energy Ltd. will explore blocks Niosi Marin and Guduma Marin (formerly named G12-13 and H12-13), offshore southern Gabon, after signing production sharing contracts (PSCs) with Gabon’s Petroleum Minister and Minister of Economy.

The Niosi and Guduma blocks cover a surface area of 2,974 sq km and 1,927 sq km in shallow water, respectively, and are adjacent to BW Energy’s Dussafu Marin license, the company said in a release Oct. 31. 

The PSC covering the Niosi block has an initial exploration period of 5 years with a work commitment of new 3D seismic data acquisition and one well. The PSC covering the Guduma block has an initial exploration period of 3 years with a work commitment of geological and geophysical studies. Both blocks have an option to extend the exploration period and enter a second phase with an additional well commitment.

“Most of the Niosi Marin and Guduma Marin acreage is within tie-back distance to existing infrastructure, enabling fast-track, low-cost development of future discoveries," said Carl K. Arnet, BE Energy's chief executive officer. 

BW Energy is operator of the blocks (37.5%) with partners VAALCO Energy (37.5%) and Panoro Energy ASA (25%).

About the Author

Alex Procyk | Upstream Editor

Alex Procyk is Upstream Editor at Oil & Gas Journal. He has also served as a principal technical professional at Halliburton and as a completion engineer at ConocoPhillips. He holds a BS in chemistry (1987) from Kent State University and a PhD in chemistry (1992) from Carnegie Mellon University. He is a member of the Society of Petroleum Engineers (SPE).