Bowleven Discovers Hydrocarbons Onshore Cameroon
Bowleven announced Friday that Zingana, the first in a two well exploration program on the Bomono Permit onshore Cameroon, has discovered hydrocarbons.
The well, which has been drilled to its planned total depth and logged, encountered hydrocarbons in the Paleocene (Tertiary) aged reservoir intervals and detailed log evaluation is currently being undertaken. The rig used to drill Zingana will now be moved to the second planned well in the company’s 2015 exploration program, Moambe, which is located just over one mile east of Zingana in the previously undrilled Paleocene (Tertiary) aged robust three-way dip closed fault block.
Bowleven announced that the Zingana well had spud June 1 and revealed that the well would be drilled to an estimated target depth of 6,561 feet. In its most recent press release, circulated July 24, the company stated that both the Zingana and Moambe wells would be drilled, logged and evaluated prior to determining any testing plan. Bowleven is the operator in the Bomono Permit, which is located in the onshore extension of the Douala Basin, and holds a 100 percent interest in the site. The company is an advocate of a counter-cyclical investment strategy in the oil and gas industry, a process that was recently explained by Bowleven’s CEO Kevin Hart in a Rigzone interview.
Commenting on the progress of the company’s 2015 exploration program, Bowleven Chief Executive Kevin Hart said in a company statement:
"We are encouraged by the well results to date at Zingana. The evaluation of log and well data acquired at Zingana is continuing and we are now looking forward to drilling the second exploration well in the program, Moambe."
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