Paris, 2 March 2015
No. 06-15
Positive results of production tests on exploration wells in Gabon
Production test rate of more than 1,000 bopd on both wells.
The Mabounda-1 (EZMAB-1D) and Niembi-1 (EZNI-1D) exploration wells on the EZANGA permit in Gabon were drilled on independent structures to a total depth of 2,060 metres and 2,425 metres, respectively.
24 hour-duration tests were run on each of the two wells with the following positive results:
- The Grès de base test on the EZMAB-1D well showed a stabilised eruptive flow of 1,002 bopd of anhydrous oil with a degree API of 28°. The surface pressure is stabilised at 9 bars.
- The test at the Lower Kissenda summit on the EZNI-1D well showed a stabilised eruptive flow of 1,162 bopd of anhydrous oil, with a degree API of 35°. The surface pressure is stabilised at 40 bars. The other hydrocarbon impregnated reservoirs at the Upper Kissenda and at the base of the Lower Kissenda, with different pressure system, will be tested later.
These new oil discoveries made by Maurel & Prom in Gabon confirm the exploration themes in the sedimentary basin being carried out in the south-west part of the Onal field.
Maurel & Prom works on a project to connect the two wells to the Onal production centre located not far away and will present to the Direction Générale des Hydrocarbures the field development plan for the fields.
Maurel & Prom, the operator, owns 100% of the Ezanga exploration permit and 80% of the production licences. The state of Gabon owns 20% of the interests in these production licences.
For more information: www.maureletprom.fr
MAUREL & PROM
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This document may contain forward-looking statements regarding the financial position, results, business and industrial strategy of Maurel & Prom. By nature, forward-looking statements contain risks and uncertainties to the extent that they are based on events or circumstances that may or may not happen in the future. These projections are based on assumptions we believe to be reasonable, but which may prove to be incorrect and which depend on a number of risk factors, such as fluctuations in crude oil prices, changes in exchange rates, uncertainties related to the valuation of our oil reserves, actual rates of oil production and related costs, operational problems, political stability, legislative or regulatory reforms, or even wars, terrorism and sabotage.
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