Panoro Energy provides an update on the drilling campaign offshore Equatorial Guinea that commenced on Block G in January. \u00a0<\/p>\n\n\n\n
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 to safely drill the wells. The Operator is, on behalf of the joint venture, evaluating alternative options that will allow for the recommencement and safe completion of the intended drilling campaign (including the Kosmos operated Akeng Deep exploration well) at the earliest opportunity, potentially during Q2 subject to rig availability and terms of alternative options.<\/p>\n\n\n\n