Gaz du Cameroun S.A. announced Tuesday that it has begun engineering works for “the most important project for this year”, the drilling of two wells at the onshore Cameroon Logbaba field.
A contract has been signed with Savannah Oil Services Cameroon to provide the drilling rig for the project and the rig is currently on a ship to Cameroon and SPD Petrofac has been chosen to provide well design and project management services. Major site preparation work is also underway including slope stabilization, the building of security fence line, leveling operations for the drilling rig track and drilling pad preparation. New warehousing for rig supplies, storage and camp civils are also under construction and long-lead orders have been placed.
The wells will supplement two existing Logbaba production wells. One of the wells will twin the La-104 well drilled in 1957 and the other well will be a step-out well that will be drilled into a target that is intended to prove up more of the company’s probable reserves. Both of the wells will be drilled directionally from a drilling pad adjacent to the Logbaba gas plant and will be tied into GDC’s production facilities immediately after they are drilled and completed.
GDC has stated that it remains on schedule to meet its objectives and confirmed that its current plan is to commence drilling in late 2Q, with a view to complete operations by the end of 2016. The budget total for the project is less than $40 million, “significantly lower” than initial estimates made in 2015, according to a company statement.
GDC Chief Executive Officer and Victoria Oil & Gas Director Ahmet Dik said in a company statement:
“I am extremely pleased with progress made on the gas expansion capital projects by GDC. This quarter was pivotal to staying on schedule and with the drilling rig in transit, key drill site preparation work and the BGFIBank facility secured, we have delivered on all the critical path items in our timetable.”
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