Panoro Energy ASA has announced that following its lifting of 745,000 barrels of oil at Block G offshore Equatorial Guinea in July and receipt of its related payment in excess of USD 80 million, cumulative net cash flow generated from Panoro’s production entitlement at Block G has exceeded the upfront acquisition cost of USD 94 […]

Panoro Energy ASA is pleased to provide crude lifting and production update on its July crude oil lifting schedule in its operations in Equatorial Guinea. The Company in its recent press release  declared  the completion of its scheduled lifting of approximately 745,000 barrels of oil in Equatorial Guinea at a realized price of USD 108.50 […]

Trident Energy Equatorial Guinea, has launched and commissioned a major project to convert 15 gas lift wells to electrical submersible pumps (ESPs) by the end of 2022, This is aimed at unlocking the geological capacity of our Okume complex. The Okume complex fields are a series of stratigraphically trapped deep water channel-levee complexes confined within […]

Panoro Energy has announced that the Ministry of Mines and Hydrocarbons of Equatorial Guinea and the Joint Venture partners at Block G offshore Equatorial Guinea have agreed a material time extension of the Production Sharing Contract (“PSC”) until 31 December 2040 covering both the producing Ceiba and Okume Complex Fields. Prior to the extension the […]

Panoro Energy has released its 2021 Annual Statement of Reserves (ASR) of its global Operations. The company after taken into account of 2021 production of 2.8 MMbbls the total net working interest reserves for Panoro expressed in million barrels of oil (“MMbbls”) as of 31 December 2021 were stated as follows: Proved (1P) reserves of […]

Chevron an international oil company has signed an agreement with the government of Equatorial Guinea for Block EG09, which is located in the Douala Basin on the border of Cameroon. This milestone signing agreement Represents a notable achievement for both Chevron as it moves to increase its penetration in the Equatorial Guinean market, and the […]

Gabriel MbagaObiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea has made an emphatic statement with respect to the current global trends on climate change. This time is his emphasis on the importance of Natural Gas production to Equatorial Guinea economy. Since Ireland in 2018 became the first country to say it would divest […]

Panoro and its joint venture partner Kosmos Energy have said the  that production of  Block G (Ceiba field and Okume Complex), offshore Equatorial Guinea, where Panoro holds a 14.25% Working Interest is averaging 29,100 bopd in the second quarter of 2021. The Okume upgrade project is expected to be completed in the fourth quarter and […]

PetroNor, the independent oil and gas exploration and production company with a focus on sub-Saharan Africa has announced that on the 20 November 2021 that it will assume 78.57% interest and Operatorship of the Sinapa (Block 2) and Esperança (Blocks 4A and 5A) licences in Guinea-Bissau, which have been extended for 3 years and are […]

 PetroNor the independent oil and gas exploration and production company with a focus on sub-Saharan Africa provides the following update on its purchase of SPE Guinea Bissau AB, as announced on 20 November 2020. The Company has announced that it has received the necessary approvals in country, representing a condition precedent to completion which has […]