Addax Petroleum has announced the appraisal and development of the Ebouri field in the Etame Marin license area offshore Gabon. Addax has a 31.36% non-operated interest in the Etame Marin license area.

According to Addax, the Ebouri field was discovered in 2003 and is approximately 18km northwest of the company’s producing Etame field in the Etame Marin license area.

Two pilot holes were drilled with the Adriatic VI jack-up rig in the main area of the Ebouri field, one to the south of the original Ebouri discovery and a second to the northwest, approximately 100m from the lease line of the Gryphon Marin license area, in which Addax holds a 68.75% operated interest, said the company.

Both pilot holes were successful in delineating the Gamba sandstone formation above the oil water contact, thereby expanding the extent of the Ebouri field. A horizontal development well on the same orientation as the second pilot hole is currently being completed, with initial production expected in early 2009.

Addax said that the Adriatic VI rig will then drill another pilot hole in the southern portion of the Ebouri field before continuing the company’s exploration program in the Gryphon Marin license area.

Addax Petroleum is an international oil and gas exploration and production company with a focus on Africa and the Middle East.  The company claims to be one of the largest independent oil producers in West Africa.