Continental Focus, International Reach

DTM-3 a Success Offshore Gabon

Wednesday, May 16, 2018

Panoro Energy’s DTM-3 appraisal well offshore Gabon has been successfully drilled. The well is located within the Dussafu License’s Tortue field.

The DTM-3 appraisal wellbore was designed to appraise the western flank of the Tortue Field, attempting to extend the known distribution of hydrocarbon resources within the Gamba and Dentale formations.

The drilling was completed on time, within budget, and without incident, and confirmed the presence of oil in the western flank of the Gamba formation, which had recently been classified as Contingent Resources by Netherland, Sewell & Associates, Inc.

The well penetrated approximately 30 meters of hydrocarbon-bearing reservoir within the Gamba and immediately underlying Dentale subcrop sandstones at a structural position consistent with the pre-drill estimates. Penetration of additional hydrocarbon-bearing reservoirs in the Dentale D2B and Dentale D6 reservoirs was also achieved

Development of the western flank of the field is likely to form part of Phase 2 development at Tortue, where preliminary preparation has commenced.

As planned, the well has been plugged and abandoned. Operations are now underway to drill and complete the second horizontal production well, DTM-3H, which will target the Gamba Sandstone formation in the central part of the field.