Maurel & Prom Announces New Exploration Success in Gabon

The OMBG-1 exploration well, previously Alonha-B, located close to the production centre and 3.8 km to the west of the OMKO-10 (5,510 b/d) well, has reached a depth of 1,306 m. The OMBG-1 well has struck two oil-bearing reservoirs in the geological “Grès de Base” (sandstone) formation:

- A first 29m-thick range. This level produced 200 b/d through pumping.
- A second 19m-thick range. This level produced 720 b/d through eruption on a 32/64’’ duse with wellhead pressure of 115 psi. The reservoir shares the same characteristics as Onal.

The oil produced has the same API degree (34° API) as the oil produced on the Onal field. The two discoveries (OMKO and OMBG) will be appraised by a drilling programme by late 2008 – early 2009.

The exploration programme continues with the launch of drilling operations in the OMAL-1 well (ex Alonha-A). 8 exploratory wells are planned to be drilled on the Omoueyi permit (Maurel & Prom 100%, operator) before the end of the 1st half of 2009.

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