On 15 August 2018, partner Bowleven plc reported that operator New Age (African Global Energy) Ltd (New Age) was abandoning the well Isongo Marine 6 well (IM-6) and its sidetrack without testing, after disappointed results. One of the objective of the well was nevertheless achieved. Indeed, the IM-6 well delineated a lower gas/water contact, adding an additional 150 to 250 Bcf of wet gas resources on a P50 confidence basis, reported Bowleven. Post-well studies are expected to be completed by the end of Q1 2019.  However, the main targeted reservoir (410 sand package) revealed water saturated, with only gas shows and indications of condensate (light oil) whilst drilling. Gas shows were also encountered in two additional horizons (one shallower and one deeper). Isongo Marine 6 was drilled to a TD of 3,550 m, with the âTopaz Drillerâ J/U rig, owned by Vantage Drilling International.    Operator New Age, locally named Cameroon Offshore Petroleum SARL (Camop), therefore decided not to drill Isongo Marine 7 (IM-7) as a further appraisal in Isongo M2 gas and condensate discovery, but rather to drill the Isongo E4 appraisal well, to help evaluating the potential of Isongo E1 gas and condensate discovery.     Background information    Following former operator Bowleven plcâs farm-out transaction in March 2015, the tract is operated by New Age (30%) alongside with Lukoil (30%), Bowleven (20%), and the state company SNH with 20% (carried to production).    Both wells were already planned since 2016. However, the timing of appraisal drilling was driven by which future development scheme for the licenseâs volumes is chosen by all stakeholders.     The Etinde permit covers an area of approximately 2,300 sq km. The Etinde permit comprises licence Blocks MLHP-5, MLHP-6, and MLHP-7. An application renewal for blocks MLHP 5 and MLHP 6 (not covered by the EA) has been submitted.     By mid-December 2017, partner Bowleven plc (Bowleven) reported that the New Venture (NV) was in a strong financial position to drill both wells. Partner Lukoil Overseas West Project Ltd (Lukoil) confirmed by mid-February 2018 that the NV reached an investment decision to drill for this USD 15 million well program. Half of the cost is expected to be paid by Lukoil.
Partner Bowleven plc reported that operator New Age (African Global Energy) Ltd (New Age) was abandoning the well Isongo Marine 6 well (IM-6) and its sidetrack without testing, after disappointed results