Continental News

Panoro Energy sets new Crude Production records across Africa operations


Published: Wednesday December 22, 2021
By: Oilfield Africa Review

Panoro Energy ASAhas provided an update on its December crude oil lifting schedule and working interest production.As previously disclosed, Panoro’s fourth quarter lifting schedule comprise of aggregate net volumes to the Company of approximately one million barrels in Equatorial Guinea, Gabon and Tunisia.

The Company has to date in the fourth quarter completed aggregate net liftings of approximately 925,000 barrels at an average realised price of approximately USD 74.5 per barrel (before the effect of hedging, details of which are included in the Company’s Q3 results materials). The Company has one further net lifting of approximately 125,000 barrels in Gabon which it expects to conclude before year end. In aggregate, total fourth quarter liftings account for approximately 40 per cent of total Company liftings in 2021.

Current working interest production is in excess of 8,500 barrels oil per day, an uplift of approximately 15 per cent on proforma year-to-date production reported to end Q3, in line with Company expectations and reflecting the contribution of new production wells online in Equatorial Guinea and Gabon. 

Panoro Energy ASA is an independent exploration and production company based in London and listed on the main board of the Oslo Stock Exchange with the ticker PEN. Panoro holds production, exploration and development assets in Africa, namely a producing interest in Block-G, offshore Equatorial Guinea, the Dussafu License offshore southern Gabon, OML 113 offshore western Nigeria (held-for-sale, subject to completion), the TPS operated assets, Sfax Offshore Exploration Permit and Ras El Besh Concession, offshore Tunisia and participation interest in an exploration Block 2B, offshore South Africa.

Sponsored Partners

Discover our premium partners and explore their innovative solutions in the industry
Rig Count
Valaris Adds Drillship Valaris DS-12 to Fleet in Africa
Wednesday October 15, 2025
Nigeria
Nigeria, Shell Sign FID on HI Gas Project Offshore Nigeria
Tuesday October 14, 2025

Sponsored Partners

Discover our premium partners and explore their innovative solutions in the industry

Nigeria
Eni Nigeria Records 20% Production Increase in Abo Field
Tuesday October 14, 2025
Acquisition And Merger
Serica Energy to Acquire UK North Sea Assets from BP
Monday October 13, 2025
Finance
NEXIM Bank Urges Women in Energy to Access NCIF Loan
Saturday October 11, 2025
Downstream
Ethiopia to Build First Oil Refinery of 3.5Mtpa Capacity
Friday October 10, 2025
Gas & Power
U.S. Reiterates Investment Focus on Africa Oil & Gas Sector
Friday October 10, 2025