Printer Friendly

VAALCO ANNOUNCES SUCCESSFUL SIDETRACKING OF WEST LINAPACAN A-3 WELL

 HOUSTON, June 9 /PRNewswire/ -- VAALCO Energy, Inc., (NASDAQ: VEIX) announced that it completed the sidetracking of its West Linapacan A-3 well. The well was placed on production at a stabilized rate of 5,750 barrels of oil per day on a 58/64 choke with 14 percent BS&W. The new bottom hole location is approximately 1/2 mile southwest of the original completion.
 VAALCO is the operator of the West Linapacan "A" field, located in 1,100 feet of water, offshore Palawan Island, Republic of the Philippines. As a result of rapid water encroachment in the A-3 well, believed to be from a fault zone penetrated by the A-3 well, the well was sidetracked away from its original producing location in order to reestablish water free oil production. The three wells in the field are currently producing at a combined rate of approximately 12,500 barrels of oil per day.
 The company is currently analyzing its options relative to future development plans for the field as well as its recent discovery of the West Linapacan "B" field. The West Linapacan "B" discovery tested 2,840 barrels of oil per day and 6.5 million cubic feet of gas per day in April 1993. VAALCO intends to resume drilling operations on the Linapacan complex in early 1994.
 -0- 6/9/93
 /CONTACT: Karen Merryman, director financial reporting/investor relations of VAALCO Energy, Inc., 713-623-0801/
 (VEIX)


CO: VAALCO Energy, Inc. ST: Texas IN: OIL SU:

PS-MG -- NY040 -- 0254 06/09/93 15:35 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 9, 1993
Words:253
Previous Article:SOCIETY FOR SAVINGS ANNOUNCES FEDERAL RESERVE APPROVAL FOR MERGER WITH BANK OF BOSTON
Next Article:K-III COMMUNICATIONS CORPORATION COMMENCES EXCHANGE OFFER FOR ITS STOCK
Topics:


Related Articles
VAALCO SPUDS FIRST OF TWO CONFIRMATION WELLS AT WEST LINAPACAN FIELD IN THE PHILIPPINES
VAALCO ENERGY INC. WEST LINAPACAN A-1 WELL UPDATE
VAALCO ENERGY, INC. ANNOUNCES OIL FLOW FROM WEST LINAPACAN FIELD
VAALCO SPUDS EXPLORATION WELL IN THE PHILIPPINES
OFFICIALS OF VAALCO ENERGY MEET WITH PHILIPPINE PRESIDENT RAMOS
VAALCO ANNOUNCES RESULTS OF RECENT DRILLING ACTIVITY
VAALCO REPORTS DRILLING RESULTS
VAALCO ANNOUNCES RESULTS OF DRILLING OPERATIONS
VAALCO ENERGY COMMENTS ON WELL
VAALCO Energy, Inc. Announces Gabon Discovery

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters