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Thursday, November 16, 2023
Panoro Energy ASA provided an update on production and the planned drilling schedule at the Dussafu Marin Permit offshore Gabon.
Hibiscus Field
To date the partners have successfully drilled and completed four production wells on the Hibiscus field, each of which was put onstream at rates of between 6,000 bopd and 6,500 bopd. The results of these wells have confirmed excellent reservoir quality in the Gamba sandstones with potential positive implications for recoverable oil volumes.
In light of this, the partners have elected to accelerate development of the Hibiscus field in the current campaign and will next spud the DHIBM-7H production well which is expected to be completed and put onstream in January.
Fast-track Development of Hibiscus South Discovery
The partners plan to return to the Hibiscus South well (DHBSM-1) in early 2024 and re-use the upper section of the well to drill a production section into the newly discovered oil-bearing zones in the Gamba reservoir. Hibiscus South is located around 5 kilometers south-west of the BW Mabomo production facility with preliminary estimates for recoverable volumes at six to seven million barrels on a gross basis.
Ruche Field
Operations were temporarily paused on the DRM-3H production well on the Ruche field in mid-October where, having been drilled to a depth of 5,351 meters and encountering oil in the Gamba reservoir, it become evident that an alternative final casing design is required. The Ruche Phase I development will therefore now comprise one production well compared to the previously planned two wells, the additional well on the Hibiscus field now being prioritized for the second Ruche well rig slot.
Bourdon (Prospect B) Well
The Bourdon Prospect is located in a water depth of 115 meters approximately 7 kilometers to the southeast of the BW Mabomo production facility and 14 kilometers west of the BW Adolo FPSO. The Prospect has an estimated mid-case potential of 83 million barrels in place and 29 million barrels recoverable in the Gamba and Dentale formations. The well is to be drilled in the current campaign, utilizing the 8th and final rig slot, the timing of which will be dependent on sequencing of the remaining production wells and arrival of additional casing materials.
John Hamilton, CEO of Panoro, commented: “The better than expected well results at the Hibiscus field and the recent discovery at Hibiscus South have prompted the Dussafu partners to expand the scope of the current campaign to incorporate seven new production wells and re-order the drilling sequence to optimize utilization of remaining contracted rig time. By introducing a well at the Bourdon prospect into the current campaign we will continue to test the substantial organic upside potential identified on the block, in line with our infrastructure lead exploration and appraisal strategy.”
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