Picture: BW Power
(WO) – BW Power has suspended its 2026 capital expenditure steerage, beforehand $600 million to $650 million, whereas it reschedules its Dussafu properly program after the Prospector 5 jackup sank offshore Gabon on Oct. 24. The Borr Drilling-owned and -operated rig went down throughout preparations for the MaBoMo Part 2 drilling marketing campaign, and BW Power mentioned it’s supporting search-and-rescue efforts with the Gabonese authorities, Borr and neighbouring operators.
As an ordinary precaution, manufacturing from the MaBoMo facility had been shut in earlier than the rig moved into the security perimeter. The corporate reported no injury to the ability or associated gear, and manufacturing resumed on Oct. 28. A properly workover that had been deliberate with the rig will as an alternative be carried out with a hydraulic workover unit, which BW Power is working to mobilize within the coming months.
It’s too early to say when Part 2 drilling will resume. Earlier than the incident, BW Power had already begun trying to find a brand new rig for the Bourdon drilling program, and it’ll now assess easy methods to fold the remaining MaBoMo Part 2 wells into the broader Dussafu program. Oil was present in each appraisal wells drilled early within the marketing campaign, including 8 million to 9 million bbl of recoverable volumes and supporting two manufacturing wells. Every new properly, together with one of many value determinations, is anticipated to provide about 5,000 bopd gross initially, and the marketing campaign is designed so as to add as much as 20,000 bopd gross at peak from 5 new producers. “The incident impacts the timing of these barrels relatively than the sources themselves,” mentioned CEO Carl Okay. Arnet.
Dussafu internet manufacturing fell to 16,800 bopd within the third quarter from 19,300 bopd, primarily as a result of a properly with {an electrical} submersible pump (ESP) failure was shut in for a lot of the quarter. Group internet output was 21,500 bopd, and 2026 steerage is now about 23,000 bopd, from the low finish of 24,000 to 27,000 bopd. At Golfinho offshore Brazil, availability dropped to 58% on diminished gas-lift compressor availability and a pump failure in a single properly.
Different tasks stay on plan and value. Conversion of a jackup into the Akoum wellhead platform for Bourdon is progressing in Dubai, backed by a $208 million lease financing. In Brazil, the jackup being transformed right into a mixed wellhead and drilling platform for Maromba is nearing completion in Dubai, forward of a deliberate transit by means of the Strait of Hormuz later this 12 months.
