The Etame Field was discovered with the drilling of the first exploratory well ET 1V in 1998. It is located approximately 40 kilometers offshore of Gabon in 75 meters of water.

The field was developed with three sub-sea completed production wells and supported by an FPSO (Petroleo Nautipa). Commercial production commenced in September 2002 with daily output of 15,000 barrels of 36 deg. API crude from two horizontal wells (ET 3H, ET 4H) and one vertical well (ET 1V).