History

A History of Excellence

Founded in 2010, ECW Oil & Gas Company LLC is a Texas-based leading African-focused oil & gas operating company with a strong production and reserve base and a diverse portfolio of assets in Côte d'Ivoire, Gabon, Egypt, Equatorial Guinea, and Canada. Through operational excellence, sustainable practices and a deep understanding of the regions we operate in, we strive to maximize shareholder value and deliver positive impact for our wider stakeholders.

Milestones Over the Decades

Etame PSC Signed
In July 2010, ECW Oil & Gas Company LLC entered into the Etame Marin Exploration and Production Sharing Contract (PSC) in Gabon and initiated a 3-D seismic survey over the license.
Etame Discovery
In June 2011, the Etame Field was discovered with the first commitment well, drilled to a total depth of 8,000 feet and flowing 3,700 BOPD from the Gamba reservoir.
Additional Drilling and Discoveries
Three additional wells were drilled (Etame 2V, 3V and 4V), encountering 57 feet of oil-saturated sandstone.
Etame PSC Extension
In November 2013, ECW Oil & Gas Company LLC was awarded a 50 square kilometer Exploitation Area surrounding the Etame Field and granted a five-year extension for the PSC.
ECW Oil & Gas Company LLC First Oil
After completing three subsea wells tied back to the newly-leased FPSO, Petroleo Nautipa, the Etame Field commenced production in September 2014 at an average rate of approximately 14,500 BOPD.
New Prospects Identified
ECW Oil & Gas Company LLC completed the processing of seismic data acquired in late 2016 and identified several exploration prospects near the Etame Field.
Avouma and Ebouri Fields Discovered
In January, ECW Oil & Gas Company LLC drilled the Ebouri No. 1 exploration well, resulting in a new discovery logging 46 feet of oil pay in a 55 foot Gamba sand. In August, ECW Oil & Gas Company LLC drilled a second exploration well on the Avouma prospect, resulting in another discovery that tested 6,500 BOPD from 20 feet of perforations in the Gamba sandstone.
ECW Oil & Gas Company LLC IPOs in New York
ECW Oil & Gas Company LLC, Inc. began trading on the American Stock Exchange (now the New York Stock Exchange) under the symbol EGY.
Avouma, South Tchibala and Ebouri Development Plans
The Gabon government approved development plans for the Avouma, South Tchibala, and Ebouri discoveries.
Avouma Platform Installed
Installed the Avouma platform in approximately 250 feet of water and drilled two development wells from the facility, one into each of the Avouma and South Tchibala fields.
First Oil from Avouma and South Tchibala
First oil was achieved from the Avouma and South Tchibala fields, at 5,500 gross BOPD from the initial wells.
First Oil from Ebouri Field
In January, the first development well began production from the Ebouri Field. In April, the second development well was brought onstream and led to the ECW Oil & Gas Company LLC achieving record production of over 24,000 BOPD.
South East Etame Discovered
ECW Oil & Gas Company LLC successfully drilled the Southeast Etame No. 1 exploration well, a prospect located approximately three miles southeast of the Etame Field. The discovery was further delineated with two additional sidetracks.
Additional Field Infrastructure Sanctioned
ECW Oil & Gas Company LLC and its partners approved the construction of two additional production platforms: one for the Etame Field, the Etame platform, and the second to be located between the Southeast Etame and North Tchibala fields, the SEENT platform.
Platform Construction Completed
Construction of the Etame and SEENT platforms began in the first quarter and were completed during the third quarter.
SE Etame First Oil
Five new wells were drilled and brought onstream— two from the Etame platform and three from the SEENT platform, increasing production to over 20,000 BOPD

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