Panoro Energy announced that it has finalised terms and signed a Production Sharing Contract (PSC) with the Government of Equatorial Guinea for offshore Block EG-23. Panoro now holds an 80 per cent participating interest and operatorship of Block EG-23. It is partnered by GEPetrol, which holds a 20 per cent participating interest.  “We are delighted […]

Panoro Energy has announced that the C-45 infill well has successfully been put onstream by the Block G operator, Trident Energy, at an initial gross rate over 5,000 bopd on a restricted choke, in line with expectations. The well is the first of two planned infill wells at the producing Ceiba Field and Okume Complex […]

Petrofac confirms further growth in Africa, with a new Master Service Agreement (MSA) award, supporting Marathon Oil in Equatorial Guinea.   Under the agreement Petrofac will provide technical authority and discipline engineering support, ensuring operational excellence, integrity and safety. It will support key onshore and offshore assets: including five offshore steel jacket facilities in the Alba […]

…..supporting Marathon Oil with Master Service Agreement Petrofac confirms further growth in Africa, with a new Master Service Agreement (MSA) award, supporting Marathon Oil in Equatorial Guinea.   Under the agreement Petrofac will provide technical authority and discipline engineering support, ensuring operational excellence, integrity, and safety. It will support key onshore and offshore assets: including five […]

…. As Noble Venturer Drillship Arrives Oslo, 3 July 2024 – Panoro Energy ASA (“Panoro” or the “Company”) notes the announcement by Trident Energy, the operator of Block G offshore Equatorial Guinea, confirming the arrival of the Noble Venturer drill ship at Luba port, Bioko Island. The drilling campaign, which is expected to recommence shortly, will […]

Petrofac, a leading provider of services to the global energy industry, has been awarded a Technical Services Contract by Compañía Nacional de Petróleos de Guinea Ecuatorial (GEPetrol), the National Oil Company of Equatorial Guinea, to support the operation of the region’s Block B asset. Under the contract1, valued at around US$350 million over five years, […]

Europa announced a ground-breaking deal in December 2023 with the acquisition of a 42.9% stake in Antler Global Limited (“Antler”), which has an 80% working interest in licence EG-08 offshore Equatorial Guinea. This gives rise to a joint venture arrangement (note 8) Europa agreed a US$3 million cash subscription for new ordinary shares in Antler, […]

VAALCO Energy has announced that all partners have signed the final documents and the Government of Equatorial Guinea has approved the Joint Operating agreement (“JOA”) related to the previously approved Venus-Block P Plan of Development (POD). The Block P Production Sharing Contract (PSC) provides for a development and production period of 25 years from the […]

Panoro Energy ASA has provided an update on the drilling campaign offshore Equatorial Guinea that commenced on Block G in January. Upon recommendation of the Operator, Trident Energy, the joint venture has decided to terminate the current rig contract. The joint venture is of the view that the rig is not operationally in a condition […]

Panoro Energy has stated that at Block G the planned three-well infill drilling campaign has commenced utilising the Island Innovator semi-submersible drilling rig. The first new infill well is expected onstream around the end of Q1, with all three wells expected onstream by mid-year. Panoro holds a 14.25 percent interest in Block G. Partners in […]