Panoro Energy secures rig for Equatorial Guinea campaign

OSLO, April 24, 2024 – Oslo-listed Panoro Energy and its joint venture partners have awarded a contract for the Noble Venturer drillship to commence infill drilling at the Ceiba Field and Okume Complex offshore Equatorial Guinea, Panoro announced on Tuesday.

The vessel is currently engaged in a drilling campaign offshore Ghana that is expected to end in late May. It will then relocate to Equatorial Guinea for a projected recommencement of drilling operations in June.

The Ceiba Field and Okume Complex comprise six oilfields and are located in Block G, approximately 35 kilometres offshore Equatorial Guinea in water depths ranging between 600-800 metres.

The drilling campaign will comprise two infill wells, plus a potential third.

Panoro holds a 14.25% participating interest in Block G. Other partners are Kosmos Energy, Trident Energy and GEPetrol, Equatorial Guinea’s national oil company.

Image of Noble Venturer drillship courtesy of Noble Corporation

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