Bowleven Underscores Exploration, Operational Highlights for 2008

Bowleven has provided information on recent operations since the last update on March 28, 2008.


  • First oil discovery on Etinde Permit; IF-1r well tested an average of 3,371 bopd from upper Isongo section.
  • Oil in place for IF discovery initially estimated to be between 76 mmbbls and 249 mmbbls mean.
  • Likely future upwards resource revision over other existing Isongo discoveries due to recognition of additional thin bed pay in IF.
  • Potential to upgrade IE field resource base due to high LPG content of gas; project sanction anticipated end 2009.
  • Enhanced and expanded prospect inventory across Etinde Permit.
  • P50 resources for EOV increased from 7.4 mmbbls to 12.4 mmbbls of oil.
  • FPSO contract incorporating option and commercial terms for EOV development signed with Fred Olsen; first oil anticipated Q1 2010.

Kevin Hart, Chief Executive, said, "We are delighted with the excellent progress being made across Bowleven's entire asset base. The recent oil discovery on MLHP-7 re-enforces the quality of our exploration acreage whilst the resource upgrades on EOV and Etinde augur well for future development activities and the resulting production and cashflow generation."


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Project QA-QC Supervisor/Engineer
Expertise: Drilling Consultant|Environmental, Safety & Training|HSE Auditing
Location: Minot, ND
Lab Technician
Expertise: Production Engineering
Location: California, 
Expertise: Floorhand / Roughneck
Location: Fruita, CO
search for more jobs

Brent Crude Oil : $55.14/BBL 0.61%
Light Crude Oil : $49.48/BBL 0.86%
Natural Gas : $3.12/MMBtu 0.95%
Updated in last 24 hours