Petroleum Africa
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Wednesday, July 19, 2017
Panoro Energy’s wholly-owned subsidiary, Pan Petroleum Gabon approved the operator of the Dussafu oil field’s proposed work program and budget to move forward at full speed with the development of the field offshore Gabon. BW Offshore is the operator of the Dussafu permit.
The development plan will consist of two initial horizontal wells at Tortue in the Gamba and Dentale reservoirs. An appraisal side-track will also be drilled in the northwest of the Tortue field. The two production wells will be tied back to a leased FPSO via subsea trees and flowlines.
The Dussafu joint venture partners are currently commissioning an independent review by Netherland Sewell and Associates to update the estimates and to move these contingent resources to reserves further to the recent FID.
John Hamilton CEO of Panoro, said “The FID is a very important milestone for Panoro and first oil at Dussafu remains on track to be achieved during H2 2018. It is a significant step in the execution of Panoro’s strategy to realize Dussafu’s true potential and to continue unlocking value for our shareholders
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