Repsol and Woodside’s Ivela-1 Discovery

Repsol, along with their partner Woodside, announced that they encountered oil in the Ivela-1 exploration well in the Luna Muetse (E13) Block. The well intersected a 78 m gross oil column, with the final assessment yet to be concluded. This comes just a month after Petronas announced a significant discovery in pre-salt sands using the same rig to drill the Boudji-1 well in the nearby Likuale (F14) Block.

Spectrum holds an extensive 2D Multi-Client seismic library covering both the Luna Meustse and Likuale Blocks regionally extending across the Gabonese shelf and also new 3D in close proximity again targeting the pre-salt but in shallow water. These latest discoveries, coupled with a clear indications that the Gabonese Government are looking to improve the attractiveness of their terms, will ensure that the focus stays firmly upon Gabon’s highly promising hydrocarbon prospects.

Further Reading
Offshore South Gabon: Petronas Confirm New High Quality Hydrocarbon Discovery in Pre-Salt Sands
Spectrum Begin Shallow Water 3D Seismic Program Offshore North Gabon
Shallow Water Gabon 3D: Focused Processing Images Pre- and post-Salt Prospectivity
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