UK-based global independent exploration and production company Panoro Energy has launched a three-well drilling campaign in Block G in the Equatorial Guinea.
Drilling has begum on a new infill well, set to be completed by the end of Q1 2023, using the Island Innovator semi-submersible rig. The three-well project is slated for completion by mid-year
John Hamilton, CEO of Panoro Energy, said the project has the potential to increase gross production at the Ceiba field and Okume Complex from last year’s average of 25,000 barrels of oil per day once complete.
“With the high-impact Akeng Deep infrastructure led exploration well at Block S due to follow the infill drilling campaign, and work underway evaluating prospectivity at the Panoro operated Block EG-01, we have an exciting organic growth opportunity set available to us in Equatorial Guinea.”
Block S – where Panoro Energy has a 12% stake – is estimated to contain approximately 180 million barrels of oil and is situated in close proximity to existing infrastructure in Block G.
