BW Energy wins two oil, gas blocks off Gabon
BW Energy has been provisionally awarded operatorship of two blocks in the 12th offshore licensing round in Gabon, it said on October 11.
The award by the Direction Generale des Hydrocarbures in Gabon is subject to finalising the production sharing contracts (PSC). The two blocks, G12-13 and H12-13, are adjacent to BW Energy's Dussafu licence offshore southern Gabon.
The blocks will be held by a consortium composed of BW Energy as operator with Vaalco Energy and Panoro Energy as non-operating joint venture partners. The PSCs will have an exploration period of eight years which may be extended by a further two years.
The consortium has committed to drilling exploration wells on the blocks during the exploration period and intends to carry out a 3D seismic acquisition campaign on both blocks. BW Energy and Panoro are also joint venture partners in the Dussafu PSC while Vaalco is the operator of the adjacent Etame PSC.