The Cameroon News

October 10, 2011

Business

Bowleven Expands Oil Exploration Offshore Cameroon

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Bowleven , a West African oil and gas group, based in Edinburgh and traded on AIM since December 2004 has announced the discovery of oil at the Sapele-3 exploration well drilling in the Douala Basin, offshore Cameroon.

Chief Executive, Kevin Hart, commenting on earlier success in the region said: "We are excited with results so far at Sapele-2. The Deep Omicron interval continues to deliver and the confirmed presence of oil and good quality reservoir at this location further emphasises the significance of this play within the Douala Basin."

According to him, "All four Sapele wells drilled have now encountered oil within the Deep Omicron interval, thus reinforcing the geological model and highlighting the overall development and exploration potential of the fairway.

" This well has also now shown that the Deep Omicron interval extends considerably beyond the currently mapped, which has significant implications in terms of both volumetrics and prospectivity potential on both block MLHP-5 and MLHP-6. In addition, the gas condensate discovery at the D1-r interval is promising and warrants further evaluation."

He explained that the results at Sapele-3 represented another step towards the company's overarching strategy of converting resource to reserves ,while highlighting the extensive exploration potential in the basin.

He added that the oil exploration giant looked forward with eager anticipation to the further drilling planned a Sapele-3.

Some the details of the well includes 11 meters of independently assessed net hydrocarbon pay intersected within upper part of Deep Omicron interval with up to further 11 meters (net) currently interpreted as having either a high residual hydrocarbon or a hydrocarbon bearing response from logs.

Other high light are that "Majority of reservoir located in two gross sand packages exhibiting high net to gross ratios and good quality reservoir; packages appear to correlate back to earlier Sapele wells.

"Samples confirm excellent quality oil bearing sands encountered at current TD; intention to continue drilling to base of Deep Omicron interval."

Article source All Africa