Panoro Energy Kicks Off 2021 Drilling Campaign Offshore Gabon

Three wells planned, including a Hibiscus Extension well.

Jackup rig Borr Norve.
Jackup rig Borr Norve.
Source: Borr Drilling.

Panoro Energy has initiated its 2021 Gabon drilling campaign with the spudding of the Hibiscus Extension well on the Dussafu Marin Permit. That well will be followed by drilling at Tortue and Hibiscus North.

Hibiscus and Tortue are two out of a total of six discovered fields within the Dussafu Permit offshore Gabon. Panoro currently holds a 7.5% interest in the license and has entered into an agreement to acquire an additional 10% working interest in the Dussafu Permit, bringing its total ownership to 17.5% following completion of the transaction.

The Extension well is being drilled with the jackup Borr Norve and is the first well in a three-well campaign planned on Dussafu during 2021. The well is planned as a vertical well to test structure, oil, and reservoir presence in what is believed to be a possible northerly extension of the Gamba reservoir in the Hibiscus field. The well is positioned about 3 km northwest of the Hibiscus discovery well drilled by the joint venture in 2019. The initial well and its appraisal sidetrack established a 2P gross recoverable reserves of just over 46 million bbl at the Hibiscus field.

The Extension well is expected to take around 30 days to drill and log to a total depth of 3500 m. Success at the probe could prompt one or two appraisal sidetracks to further delineate the field.

Following the Hibiscus Extension, the rig will move to drill a horizontal production well, DTM-7H, at the Tortue field. This will complete the Phase 2 development of Tortue and, along with DTM-6H, will bring the total number of production wells at Tortue up to six.

An exploration well at the Hibiscus North prospect, located approximately 6 km north-northeast of the initial Hibiscus well is also scheduled. Hibiscus North is a separate 10–40 million bbl prospect that could be tied into the Hibiscus/Ruche development project.