VAALCO Energy (EGY) Updates on ESP Pump on Avouma Platform; Says Gabon Ops Not Affected
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VAALCO Energy Provides Update on Operations
September 15, 2016 6:45 AM EDTHOUSTON, Sept. 15, 2016 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY) today provided an operational update relating to its activities in Gabon.
As previously disclosed, in late July the primary electrical submersible pump (ESP) failed in the Avouma 2-H well on the Avouma Platform offshore Gabon in the Etame Marin Permit. Prior to attempting to start the secondary ESP, VAALCO and the original equipment manufacturer which installed the ESP worked closely to re-design the start-up procedure and adjust the operating conditions in an effort to prevent another ESP failure. The lower pump... More
