“Panoro is entering a phase of continual drilling activity which will see at least 10 wells being drilled in Gabon and Equatorial Guinea over the next 12 to 15 months and deliver a step-change in working interest production,” said company CEO John Hamilton.
Panoro Energy has taken a 100% stake in a South African licence, onshore in the Karoo Basin, citing gas – and helium – prospectivity.
Panoro Energy has completed the sale of its stake in Nigeria’s OML 113 to PetroNor E&P.
Panoro Energy more than tripled its production in 2021, to 7,582 barrels per day of oil.
BW Energy has found water at its Hibiscus Extension appraisal well, offshore Gabon, rather than hydrocarbons.
BW Energy has launched its 2021 drilling campaign in Gabon with the spudding of the Hibiscus extension well.
Panoro Energy has struck a deal to buy assets owned by Tullow Oil in Equatorial Guinea and Gabon for up to $180 million.
Panoro Energy has reported higher production in the first quarter but lower revenues, as a result of fewer liftings and lower prices.
Panoro Energy will drill a production well in Tunisia in May, while three workovers are under way and should be on line by the end of March.
Panoro Energy has struck a deal to sell its stake in Nigeria’s OML 113 to PetroNor E&P.
BW Offshore’s work on the Hibiscus find suggests it may hold 40-50 million barrels, up from the initial estimate of 12mn barrels.