Panoro Energy Announces Production Update at Dussafu, Offshore Gabon

Thursday 25 October 2018

Panoro Energy reported initial production rates at the Tortue field located in the Dussafu Marin PSC, offshore Gabon, are fully in line with expectations.

On September 16, 2018, first oil production commenced at the BW Offshore operated Tortue field, producing from the initial 2 horizontal production wells into the BW Adolo FPSO. A 72-hour performance test on the FPSO process plant was successfully completed on September 21, 2018. Production from the two wells has been, and continues to be, optimised and tested, and both wells are currently under separate pressure build up tests. While well and vessel testing continue for the coming weeks, the wells have delivered a stabilised rate in the middle of the 10,000-15,000 bopd guidance range previously provided.

A further update on production operations will be provided by Panoro and the operator in November.

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