The company has laid and connected production, service and gas lift lines between the sub-sea tree and the company’s floating production, storage and offloading (FPSO) facilities.
The sub-sea work on the ET-7H development well was completed earlier than previously anticipated.
Oil production from the well estimated at 3,600 barrels per day commenced on 4 December 2010, and on 7 December 2010, Vaalco‘s total production offshore Gabon was reported to be 24,037 barrels per day.
The ETOMG-1 exploration well on the Omangou prospect offshore Gabon was drilled to a depth of approximately 8,670ft to evaluate both the Gamba and Dentale sand reservoirs.
The reservoirs were encountered but were discovered to be water-bearing. Accordingly, the well will be logged, plugged and abandoned.
In late November, 2010, the company completed its 110th lifting totaling 772,601 barrels. The company’s last lifting of the year is scheduled for the end of December.
The company’s subsidiary Vaalco Gabon Etame operates the Etame Marin Permit in which it holds a 28.07% net interest in the Etame Field.
