CONGO BRAZAVILLE: Perenco Strikes Oil Deep Pre-salt at Tchibeli NE

Perenco has hit oil at an additional exploration target in an identified deeper pre-salt structure located in the Vandji sandstones, Tchibeli NE, encountered an oil column of 75 metres. The target was  part of a two Tchibeli NE development production wells which were brought online last week according to JV partner PNGF Sud.

PNGF says the Vandji exploration target is currently flowing 37 API oil at 1,300 bopd. Results from the well will be evaluated to understand the future potential of this discovery. The second well is currently flowing 38 API oil at circa 2,500 bopd from the Cenomanian, expected to increase in the coming week.

PetroNor holds an indirect ownership interest of 16.83 per cent in PNGF Sud in Congo.

“We are pleased to see that the infill drilling programme is progressing well and is yielding even better results than expected and a new discovery.,” says interim CEO Jens Pace.

Meanwhile, PetroNor reports November production was significantly better than expectations having brought onstream the last two of the four planned Litanzi wells in August with daily production averaging more than 7,870 bopd in the past two months.

“With the added capacity from these new wells, the total daily gross field production during December will be close to 30,000 bopd, corresponding to a net to PetroNor production of 5,000 bopd,” adds Pace.

PetroNor has also announced that the second lifting this year of 334,061 bbls of PetroNor’s entitlement was lifted and realized a price based on an average for Djeno crude during November of $89/bbl. The lifting was completed by the PNGF Sud operator on 12 November in settlement of outstanding billings. The next lifting has been agreed with the Djeno Terminal operator and is currently being scheduled in early 2023.