Gabon finds non-commercial: Woodside

Australia

PERTH, August 15, 2018 – Two hydrocarbons discoveries offshore Gabon are to be abandoned as non-commercial, Woodside announced in its half-year report on Wednesday.

Earlier this year, well Boudji-1 in the Likuale (F14) block encountered 90 metres of gross hydrocarbons deposits while well Ivela-1 in the Luna Muetse (E13) block struck 78 metres of gross oil pay. Woodside holds a 30% interest in the Likuale licence, operated by Petronas (70%), and a 40% stake Luna Muetse licence, operated by Repsol (60%).

“Both wells have been assessed as non-commercial by Woodside due to water depth of over 2,600 m and associated development costs,” Woodside said.

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