Brief: Bw Energy Says Substantial Oil Discovery In Hibiscus South Prospect

BW Energy

06/11/2023 08:06

Nov 6 (Reuters) - BW Energy Ltd  BWE.OL :
    * SUBSTANTIAL OIL DISCOVERY MADE IN THE HIBISCUS SOUTH
PROSPECT
    * DHBSM-1 APPRAISAL WELL HAS ENCOUNTERED COMMERCIAL VOLUMES
OF OIL
IN HIBISCUS SOUTH SATELLITE PROSPECT.
    * PLANS TO RETURN TO WELL TO COMPLETE IT AS A PRODUCTION
WELL IN
EARLY 2024.
    * DHBSM-1 WELL WAS DRILLED FROM MABOMO PRODUCTION PLATFORM
TO A
TOTAL DEPTH OF 6,002 METERS.
    * HIBISCUS SOUTH STRUCTURE IS A SEPARATE ACCUMULATION WITH A
DEEPER OIL-WATER CONTACT THAN NEARBY HIBISCUS FIELD
    * PRELIMINARY EVALUATION INDICATES GROSS RECOVERABLE
RESERVES OF 6
TO 7 MILLION BOO AND ABOUT 16 MILLION BOO IN PLACE

Source text for Eikon:  ID:nGNE3cNXwP 
Further company coverage:  BWE.OL 

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