VAALCO fixes Ebouri field problems

VAALCO Energy, Inc. today announced that production from Well 2-H in the Ebouri field, offshore Gabon, has resumed following successful wireline remedial work.  VAALCO expects production to stabilize at approximately 2,500 gross barrels of oil per day, 700 net to VAALCO.

The well was temporarily shut-in in early October 2014 after pressure communication was detected between the tubing and casing.  On Tuesday December 16, 2014, the tubing leak causing the pressure communication was repaired via wireline intervention.  VAALCO has explained that the wireline repair negates the need for a more costly workover which would have required a drilling rig.

VAALCO continues its drilling program on the Etame platform, with the drilling of the second platform well.  The well is targeting the Gamba formation in the southernmost fault block of the Etame field, and is expected to be completed and put on production in February 2015.

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