Petroleum Africa
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Thursday, August 23, 2018
Panoro Energy provided highlights from its Q2 activities in Gabon and Nigeria. The company saw its second development well, the DTM-3H, was completed successfully offshore Gabon on the Dussafu block.
The company also spud its next well in Gabon, the Ruche North East. This well is expected to be completed in September.
In addition, the FPSO Adolo has reached Gabon and is ready for installation and production start-up at Tortue field. The field is on schedule to achieve first oil in H2 2018 at an anticipated gross rate of 10,000 to 15,000 bpd.
In Nigeria on the Aje field, Panoro is seeing current oil production operations continue. The partners are focusing on advancing the Turonian development plan. These activities are in addition to the license renewal granted to Panoro and its partners for an additional 20 years.
On the corporate end, Panoro completed the acquisition of DNO Tunisia in July 2018, providing Panoro with high quality assets, a full operating organization and $8.3 million in cash.
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