{"id":12224,"date":"2022-05-06T09:03:29","date_gmt":"2022-05-06T09:03:29","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=12224"},"modified":"2022-05-06T09:03:29","modified_gmt":"2022-05-06T09:03:29","slug":"panoro-energy-provides-2022-operations-update","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/panoro-energy-provides-2022-operations-update\/","title":{"rendered":"Panoro Energy Provides 2022 Operations Update"},"content":{"rendered":"<ul>\n<li><strong>Equatorial Guinea (Panoro: 14.25%)<\/strong><\/li>\n<\/ul>\n<ul>\n<li>\n<ul>\n<li>Q1 2022 working interest production averaged approximately 4,968 bopd (gross production 34,866 bopd)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li>\n<ul>\n<li>Operator Trident Energy is undertaking a workover programme at the Okume Complex and has completed the Okume upgrade project which will improve process reliability, power generation and fluid handling \/ injection capabilities<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li>\n<ul>\n<li>Ceiba export hose replacement completed<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li>\n<ul>\n<li>Various routine maintenance and upgrade projects progressed during quarter<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li>\n<ul>\n<li>Planning for possible future drilling activity underway<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li><strong>Gabon (Panoro: 17.5%)<\/strong><\/li>\n<\/ul>\n<ul>\n<li>\n<ul>\n<li>Q1 2022 working interest production averaged approximately 2,030 bopd (gross production 11,600 bopd)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li>\n<ul>\n<li>Production in the period reflects a 12-day planned annual maintenance shut-down which was pre-communicated by the operator BW Energy<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li>\n<ul>\n<li>Development of the Hibiscus \/ Ruche Phase I project is on track<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li><strong>Tunisia (Panoro: 29.4%)<\/strong><\/li>\n<\/ul>\n<ul>\n<li>\n<ul>\n<li>Q1 2022 working interest production was stable throughout the first quarter and averaged approximately 1,304 bopd (gross production 4,435 bopd)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li>\n<ul>\n<li>The TPS team are about to embark on an extensive workover campaign to replace two ESP\u2019s in addition to further production enhancement operations<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li>\n<ul>\n<li>New production opportunities include the completion of the Douleb reservoir in GUE-10AST and perforation and stimulation activities on three further Cercina wells<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li><strong>South Africa (Panoro: 12.5%)<\/strong><\/li>\n<\/ul>\n<ul>\n<li>\n<ul>\n<li>Rig contracted to drill the Gazania-1 exploration well in the fourth quarter<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li>\n<ul>\n<li>Expected to mobilise from the North Sea in August for a 45-day passage to South Africa<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li><strong>Sale of Nigerian asset<\/strong><\/li>\n<\/ul>\n<ul>\n<li>\n<ul>\n<li>Government approvals for the sale of Panoro\u2019s 6.502% interest in OML 113 to PetroNor E&amp;P were received in January, satisfying the last key condition precedent for the sale<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li>\n<ul>\n<li>Panoro and PetroNor E&amp;P are proceeding towards completion, including the issuance of new PetroNor E&amp;P shares for distribution to Panoro shareholders. The long stop date for completion of the transaction has been extended to 30 June 2022<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><strong>Outlook and guidance<\/strong><\/p>\n<ul>\n<li>Full year 2022 average working interest production guidance is unchanged at 8,000 bopd to 9,000 bopd in 2022, of which approximately 60% is attributed to Equatorial Guinea, 25% to Gabon and 15% to Tunisia<\/li>\n<\/ul>\n<ul>\n<li>Panoro remains on track to achieve approximately 10,000 bopd net working interest production around year end following both the start-up of the Hibiscus\/Ruche Phase 1 development offshore Gabon and activities in Equatorial Guinea, increasing to an expected rate in excess of 12,500 bopd during 2023<\/li>\n<\/ul>\n<ul>\n<li>Consistent with its strategy to create and deliver shareholder value, the Panoro Board is committed to sustainable shareholder returns and initiating a cash dividend at the earliest opportunity, the key determining factors being capital expenditures and timing of crude oil liftings<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Equatorial Guinea (Panoro: 14.25%) Q1 2022 working interest production averaged approximately 4,968 bopd (gross production 34,866 bopd) Operator Trident Energy is undertaking a workover programme at the Okume Complex and &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/panoro-energy-provides-2022-operations-update\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":8977,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7447,7442,7446,7445,7444],"tags":[789,944,9266,8435,1749,8476,2371,2578],"class_list":["post-12224","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-central-africa","category-countries","category-north-africa","category-southern-africa","category-west-africa","tag-equatorial-guinea","tag-gabon","tag-gazania-1","tag-hibiscus-ruche","tag-nigeria","tag-petronor","tag-south-africa","tag-tunisia","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Panoro-Energy-operations.jpg?fit=388%2C470&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-3ba","jetpack-related-posts":[{"id":12853,"url":"https:\/\/www.oilnewskenya.com\/index.php\/gabon-panoro-energy-provides-hibiscus-ruche-phase-i-development\/","url_meta":{"origin":12224,"position":0},"title":"GABON: Panoro Energy Provides Hibiscus\/Ruche Phase I development","author":"","date":"November 22, 2022","format":false,"excerpt":"Hibiscus\/Ruche Phase I development offshore Gabon is progressing to plan. The BW MaBoMo production facility has been installed on site and 20 kilometres of the subsea flowline installed. Preparations are underway to commence development drilling in January with first oil expected around the end of Q1 2023 New gas lift\u2026","rel":"","context":"In &quot;Central Africa&quot;","block_context":{"text":"Central Africa","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/central-africa\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/Gabon-Hubiscus.jpg?fit=496%2C416&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":9973,"url":"https:\/\/www.oilnewskenya.com\/index.php\/panoro-energy-provides-2020-y-e-operational-update\/","url_meta":{"origin":12224,"position":1},"title":"Panoro Energy Provides 2020 Y\/E Operational Update","author":"","date":"February 25, 2021","format":false,"excerpt":"Operational Highlights Annual group production net to Panoro of 0.81 MMbbls with average daily rate of approximately 2,200 bopd. Average production of approximately 2,350 bopd for Q4 2020 due to improved production in Tunisia Production and lifting operations maintained and largely unaffected through the crisis Health and Safety systems and\u2026","rel":"","context":"In &quot;Central Africa&quot;","block_context":{"text":"Central Africa","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/central-africa\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Panoro-Energy-operations.jpg?fit=388%2C470&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":15548,"url":"https:\/\/www.oilnewskenya.com\/index.php\/panoro-energy-provides-operations-update-for-equatorial-guinea-gabon-tunisia\/","url_meta":{"origin":12224,"position":2},"title":"Panoro Energy Provides Operations Update for Equatorial Guinea, Gabon &amp; Tunisia","author":"","date":"January 21, 2026","format":false,"excerpt":"Equatorial Guinea As previously communicated, production at Block G offshore Equatorial Guinea (Panoro 14.25 percent) has been impacted by unplanned facilities related downtime at the Ceiba field Progress is being made with partial restoration of production at Ceiba achieved. Work will continue in 2026 to regain full potential and ensure\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2026\/01\/Panoro-Energy.png?fit=664%2C320&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2026\/01\/Panoro-Energy.png?fit=664%2C320&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2026\/01\/Panoro-Energy.png?fit=664%2C320&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":12648,"url":"https:\/\/www.oilnewskenya.com\/index.php\/equatorial-guinea-panoro-energy-achieves-payback-for-2021-block-g-acquisition\/","url_meta":{"origin":12224,"position":3},"title":"EQUATORIAL GUINEA: Panoro Energy Achieves Payback for 2021 Block G Acquisition","author":"","date":"September 14, 2022","format":false,"excerpt":"Panoro Energy has said 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\u2019s production entitlement at Block G has exceeded the upfront acquisition\u2026","rel":"","context":"In &quot;Central Africa&quot;","block_context":{"text":"Central Africa","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/central-africa\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/09\/Panoro-EQG-Okume-Ceiba.gif?fit=450%2C275&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":15337,"url":"https:\/\/www.oilnewskenya.com\/index.php\/15337-2\/","url_meta":{"origin":12224,"position":4},"title":"Panoro Energy has provided an\u2026","author":"","date":"November 6, 2025","format":false,"excerpt":"Panoro Energy has provided an operations update in advance of its third quarter 2025 results. Production and Operations Update Group working interest production in Q3 and for the first nine months of 2025 was: Average W.I. production - bopdQ3 20259M 2025Gabon4,7605,971Equatorial Guinea2,5253,103Tunisia1,5261,537Total8,81110,611 Full-year 2025 working interest production expected to be\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/07\/Gabon-Dussafu-1.webp?fit=1000%2C744&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/07\/Gabon-Dussafu-1.webp?fit=1000%2C744&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/07\/Gabon-Dussafu-1.webp?fit=1000%2C744&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/07\/Gabon-Dussafu-1.webp?fit=1000%2C744&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":12422,"url":"https:\/\/www.oilnewskenya.com\/index.php\/gabon-panoro-energy-provides-dussafu-marin-update\/","url_meta":{"origin":12224,"position":5},"title":"GABON: Panoro Energy Provides Dussafu Marin Update","author":"","date":"July 12, 2022","format":false,"excerpt":"Gross production at the Dussafu Marin Permit for the first six months averaged approximately 11,150 bopd and is in line with expectations.\u00a0 Second quarter gross production averaged approximately 10,700 bopd from four wells, with the remaining two wells shut in due to pre-communicated gas lift capacity constraints.\u00a0 As previously guided\u2026","rel":"","context":"In &quot;Central Africa&quot;","block_context":{"text":"Central Africa","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/central-africa\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/Gabon-Hubiscus.jpg?fit=496%2C416&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/12224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=12224"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/12224\/revisions"}],"predecessor-version":[{"id":12225,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/12224\/revisions\/12225"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/8977"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=12224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=12224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=12224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}