"We are extremely pleased with the Oveng appraisal well, which follows the recent confirmation of our nearby Okume discovery," said Brian Maxted, Amerada Hess' executive in charge of West Africa operations. "The success at Oveng is further evidence of the prospectivity of this area."
The Oveng Field is located four miles east of the Okume Field where two successful appraisal wells were recently drilled and 12 miles northeast of the Amerada Hess operated Ceiba Field, which commenced production in November 2000.
Amerada Hess also announced that its Okume-2 appraisal well in Block G has completed flow testing. The well flowed at a rate of 8,457 barrels of 34-degree gravity oil per day from an interval of 124 feet. Appraisal of the Okume area is continuing with the drilling of the Okume-4 well, located one-half mile west northwest of the original discovery well.
Amerada Hess has an 85% working interest in and is the operator of Block G and adjacent Block F. Amerada Hess' partner in the blocks is Energy Africa Ltd. of South Africa, which has the remaining 15% working interest. The government of Equatorial Guinea would have a carried 5% participating interest in any Okume and Oveng area commercial production.
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