Panoro targets new rig for Equatorial Guinea in Q2
Panoro Energy expects growth to continue this year, targeting 40% more production than 2023, despite problems around drilling in Equatorial Guinea.
Panoro Energy
BW Energy scores Gabon find, plans production in 2024
“We look forward to rapidly bringing these high-value barrels into production. The result also confirms the significant potential of the Dussafu licence where we have multiple additional future prospects.”
Drilling offshore South Africa? Double check the packing
At this point, the report said, drilling lost five days. It attributed this to “trying to latch on to the wellhead because the rig compensator failed”. It noted the “situation was exacerbated by the rig guide funnel having been left behind in Norway”.
BW Energy completes first Hibiscus well
The BW Adolo FPSO will process oil from this development phase alongside the Tortue production. Tankers will offload oil from the FPSO for export.
Panoro and partners add another EG block
Past drilling on the block has suggested there is potential, with an “extensive prospect inventory” within tie-back distance to Ceiba and the Okume complex.
Gabon, then Equatorial Guinea, to drive Panoro growth in 2023
“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 signs up for onshore South Africa exploration
Panoro Energy has taken a 100% stake in a South African licence, onshore in the Karoo Basin, citing gas – and helium – prospectivity.
PetroNor completes Nigeria deal with an eye on Lagos’ gas demand
Panoro Energy has completed the sale of its stake in Nigeria’s OML 113 to PetroNor E&P.
Panoro focuses on development in 2022
Panoro Energy more than tripled its production in 2021, to 7,582 barrels per day of oil.
BW Energy starts up Tortue Phase 2
BW Energy has begun producing from its Tortue Phase 2 project, in Gabon’s Dussafu Marin licence.
BW Energy takes two blocks in Gabon’s delayed round
BW Energy has signed up to two new exploration blocks offshore Gabon as part of the country’s often delayed 12th offshore licensing round.
Trident to begin Elon drilling this month
Trident Energy will begin drilling in Equatorial Guinea’s Block G on June 22, following the arrival of the Sapphire Driller rig.
Africa Energy seeks rig for third quarter
Africa Energy is seeking a rig to drill the Gazania-1 well, offshore South Africa in the third quarter of the year.
BW Energy reports Gabon appraisal miss
BW Energy has found water at its Hibiscus Extension appraisal well, offshore Gabon, rather than hydrocarbons.
Seapulse eyes first well as Azinam completes deal
Azinam South Africa has completed its purchase of a 50% stake in South Africa’s Block 2B, expecting to drill a well this year.
BW Energy kicks off Gabon drilling campaign
BW Energy has launched its 2021 drilling campaign in Gabon with the spudding of the Hibiscus extension well.
Panoro buys Tullow stakes in Gabon, EG
Panoro Energy has struck a deal to buy assets owned by Tullow Oil in Equatorial Guinea and Gabon for up to $180 million.
Panoro warms to Tunisian exploration
Panoro Energy has reported higher production in the first quarter but lower revenues, as a result of fewer liftings and lower prices.
Drilling pushed back at Dussafu Marin
Additional drilling at Gabon’s Dussafu Marin licence has been deferred because of coronavirus, BW Energy has said, blaming international travel restrictions.
BW Energy delays Dussafu work on turmoil
Work at the Dussafu Marin licence in Gabon has slowed as a result of the coronavirus outbreak.
Africa Energy signs farm-out in South Africa
Africa Energy has signed farm-out agreements on Block 2B offshore South Africa, with Panoro Energy and Azinam.
Panoro lines up drilling plans
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.
Tullow’s Dussafu back-in dispute
Tullow Oil has exercised its back-in right for a 10% stake in Gabon’s Dussafu production-sharing contract (PSC), although the amount payable is under dispute.