Panoro achieves first oil production at Tortue, offshore Gabon

Gabon 19Panoro Energy, London-based E&P company, has announced the start of first oil production from the Tortue field, within the Dussafu PSC, offshore Gabon

The introduction of first hydrocarbons into the BW Adolo FPSO operated by BW Offshore has been achieved on the budget, safely and comfortably within the guided timeframe.

Operations will now focus on stabilisation of production and completion of other start-up activities. Further announcements will be made in due course as to production rates and planning for Tortue Phase 2. In addition, the recent successful well at Ruche North East is currently being appraised following a side track and extensive logging. Results will be announced in the near future.

John Hamilton, CEO of Panoro Energy, said, “Achieving first oil at Tortue is a material milestone for Panoro, having been involved in the evolution of the Dussafu PSC, from oil discoveries to modern interpretation following the seismic acquisition, and now to first commercial production.”

Dussafu is an exclusive exploitation area of 850 sq km located in southern Gabon. The EEA is valid for 20 years from first oil production. The EEA currently contains five pre-salt oil discoveries and holds multiple additional prospects and leads. Dussafu is operated by BW Energy and Panoro holds 8.333 per cent interest. The development concept entails a current Phase 1 consisting of two horizontal wells tied back to the FPSO BW Adolo.

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