{"id":15717,"date":"2026-04-22T07:18:02","date_gmt":"2026-04-22T07:18:02","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=15717"},"modified":"2026-04-22T07:32:22","modified_gmt":"2026-04-22T07:32:22","slug":"panoro-energy-provides-annual-statement-of-reserves","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/panoro-energy-provides-annual-statement-of-reserves\/","title":{"rendered":"Panoro Energy Provides Annual statement of reserves"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>BLOCK G: Offshore Equatorial Guinea<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Block G licence covers an area containing the Ceiba field and the Okume complex. The Okume complex consists of five separate oil fields. Production from Block G during 2025 amounted to 7.44 MMbbls gross. In April 2026 NSAI certified (3rd party) reserves and resources for the Block G licence. As of the end of December 2025, the Block G licence comprising the Ceiba and Okume Complex fields, contained gross 1P Proved Reserves of 75.9 MMbbls, gross 2P Proved plus Probable Reserves of 106 MMbbls and gross 3P Proved plus Probable plus Possible Reserves of 133.6 MMbbls.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In addition to these Reserves NSAI also certified gross unrisked 1C In addition to these Reserves<br>NSAI also certified gross unrisked 1C Contingent Resources of 28.0 MMbbls, gross unrisked 2C<br>Contingent Resources of 71.3 MMbbls, and gross unrisked 3C Contingent Resources of 119.8 MMbbls<br>in the Block G licence area.<br>These evaluations yield the following Reserves net to Panoro\u2019s working interest of 14.25%: <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">1P Proved Reserves of 10.82 MMbbls, 2P Proved plus Probable Reserves of 15.10 MMbbls and 3P Proved plus Probable plus Possible Reserves of 19.04 MMbbls. Additional unrisked Contingent Resources net to Panoro\u2019s working interest of 14.25% are 4.0 MMbbls 1C, 10.2 MMbbls 2C and 17.1 MMbbls 3C.<br>Panoro\u2019s net entitlement 1P reserves are 9.21MMbbls, net entitlement 2P reserves are 12.53MMbbls and net entitlement 3P reserves are 15.41MMbbls<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>DUSSAFU:Offshore Gabon<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Dussafu is an exploration, development and exploitation licence containing several oil fields including Tortue, Hibiscus and Hibiscus South. The licence also includes the 2025 Bourdon field discovery.<br>Production from the Dussafu licence during 2025 amounted to 12.12 MMbbls gross.<br>In April 2026 NSAI certified (3rd party) reserves and resources for the Dussafu licence. As of the end of December 2025, the Dussafu licence contained gross 1P Proved Reserves of 72.25 MMbbls, gross 2P Proved plus Probable Reserves of 116.04MMbbls and gross 3P Proved plus Probable plus Possible Reserves of 148.72 MMbbls.<br>In addition to these Reserves NSAI also certified gross unrisked 1C Contingent Resources of 38.4MMbbls, gross unrisked 2C Contingent Resources of 69.6 MMbbls, and gross unrisked 3C Contingent Resources of 142.8 MMbbls in the Dussafu licence area.<br>These evaluations yield the following Reserves net to Panoro\u2019s working interest of 17.5%: 1P Proved<br>Reserves of 12.64 MMbbls, 2P Proved plus Probable Reserves of 20.31 MMbbls and 3P Proved plus<br>Probable plus Possible Reserves of 26.03 MMbbls.<br>Additional unrisked Contingent Resources net to Panoro\u2019s working interest of 17.5% are 6.7 MMbbls<br>1C, 12.2 MMbbls 2C and 25.0 MMbbls 3C.<br>Panoro\u2019s net entitlement 1P reserves are 10.41MMbbls, net entitlement 2P reserves are 15.03MMbbls and net entitlement 3P reserves are 17.76MMbbls.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>TPS ASSETS: Onshore and Offshore Tunisia<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The concessions are Cercina, Cercina Sud, Rhemoura, El Ain\/Gremda and El Hajeb\/Guebiba.<br>Production from the TPS assets amounted to 1.14MMbbls gross in 2025.<br>In April 2026 NSAI certified (3rd party) reserves and resources for the TPS licences. As of the end of December 2025 gross field reserves amount to 1P Proved Reserves of 7.8 MMbbls, 2P Proved plus Probable Reserves of 11.4 MMbbls and 3P Proved plus Probable plus Possible Reserves of 14MMbbls.<br>In addition to these reserves, NSAI also assessed gross 1C Contingent Resources of 10.6 MMbbls,<br>2C Contingent Resources of 15.7 MMbbls and 3C Contingent Resources of 23.8 MMbbls.<br>These evaluations yield the following Reserves net to Panoro\u2019s working interest of 49%: 1P Proved<br>reserves of 3.83 MMbbls, 2P Proved plus Probable reserves of 5.58 MMbbls and 3P Proved plus<br>Probable plus Possible of 6.86 MMbbls. Additional unrisked<br>Additional unrisked Contingent Resources net to Panoro\u2019s working interest of 49% are 5.2 MMbbls<br>1C, 7.7 MMbbls 2C and 11.7 MMbbls 3C.<br>Panoro\u2019s net entitlement 1P reserves are 3.34MMbbls, net entitlement 2P reserves are 4.88MMbbls and net entitlement 3P<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>BLOCK EG-23: Offshore Equatorial Guinea<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The EG-23 licence in Equatorial Guinea was awarded during 2025. The licence comprise three oil, one gas condensate and two gas discoveries. Panoro are working on development plans for the licence.<br>In April 2026 NSAI certified (3rd party) resources for the Block EG-23 licence.<br>As of the end of December 2025 gross contingent resources amount to gross 1C Contingent Resources of 20.26 MMBOE, 2C Contingent Resources of 32.86 MMBOE and 3C Contingent Resources of 56.92 MMBOE.<br>Unrisked Contingent Resources net to Panoro\u2019s working interest of 80% are 16.21 MMBOE 1C, 26.28 MMBOE 2C and 45.53 MMBOE 3C.<br>These Contingent Resources are Panoro\u2019s net working interest volumes before deductions for royalties and other taxes<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BLOCK G: Offshore Equatorial Guinea The Block G licence covers an area containing the Ceiba field and the Okume complex. The Okume complex consists of five separate oil fields. Production &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/panoro-energy-provides-annual-statement-of-reserves\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":15549,"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":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,7446,11,7444],"tags":[11719,9081,12448,11198,11189,11188,8680,11190,11191,8681,11382,11269,10238,8316,11187,10558],"class_list":["post-15717","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-north-africa","category-top-news","category-west-africa","tag-block-eg-23","tag-block-g","tag-bourdon-field-discovery","tag-ceiba-field","tag-cercina","tag-cercina-sud","tag-dussafu","tag-el-ain-gremda","tag-el-hajeb-guebiba","tag-hibiscus","tag-hibiscus-south","tag-nsai","tag-okume-complex","tag-panoro-energy","tag-rhemoura","tag-tortue","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2026\/01\/Panoro-Energy.png?fit=664%2C320&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-45v","jetpack-related-posts":[{"id":12648,"url":"https:\/\/www.oilnewskenya.com\/index.php\/equatorial-guinea-panoro-energy-achieves-payback-for-2021-block-g-acquisition\/","url_meta":{"origin":15717,"position":0},"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":12232,"url":"https:\/\/www.oilnewskenya.com\/index.php\/equatorial-guinea-panoro-energy-awards-extension-of-offshore-block-g-psc\/","url_meta":{"origin":15717,"position":1},"title":"EQUATORIAL GUINEA: Trident Energy Awarded Extension of Offshore Block G PSC","author":"","date":"May 9, 2022","format":false,"excerpt":"The Block G Production Sharing Contract in Equatorial Guinea\u00a0has been successfully extended to 31 December 2040. Alongside our Joint Venture partners, Kosmos Energy, Panoro Energy, GE Petrol and the Ministry of Mines and Hydrocarbons, we have agreed a material time extension of the PSC covering both the Ceiba field 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\/2021\/07\/kosmos-energy.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/07\/kosmos-energy.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/07\/kosmos-energy.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/07\/kosmos-energy.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/07\/kosmos-energy.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":15837,"url":"https:\/\/www.oilnewskenya.com\/index.php\/equatorial-guinea-panoro-energy-reports-completion-of-acquisition-of-block-g-offshore\/","url_meta":{"origin":15717,"position":2},"title":"EQUATORIAL GUINEA: Panoro Energy Reports Completion of Acquisition of Block G offshore","author":"Samuel Kamau Mbote","date":"June 17, 2026","format":false,"excerpt":"Panoro Energy has announced the completion of the acquisition by Panoro of the Kosmos Energy subsidiary that holds\u00a0through a wholly-owned entity, a 40.375 per cent non-operated interest in Block G offshore Equatorial Guinea (the \u201cAcquisition\u201d). This follows the receipt of customary competition clearance by the Central African Economic and Monetary\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\/2023\/04\/Equatorial-Guinea-Ceiba-Okume.png?fit=1033%2C630&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/04\/Equatorial-Guinea-Ceiba-Okume.png?fit=1033%2C630&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/04\/Equatorial-Guinea-Ceiba-Okume.png?fit=1033%2C630&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/04\/Equatorial-Guinea-Ceiba-Okume.png?fit=1033%2C630&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":13592,"url":"https:\/\/www.oilnewskenya.com\/index.php\/equatorial-guinea-panoro-energy-confirms-ratification-of-block-eg-01-award-and-approval-of-block-s-farm-inequatorial-guinea\/","url_meta":{"origin":15717,"position":3},"title":"EQUATORIAL GUINEA: Panoro Energy Confirms Ratification of Block EG-01 Award and Approval of Block S Farm-in","author":"","date":"April 20, 2023","format":false,"excerpt":"Panoro Energy ASA confirms that the award of Block EG-01, announced by the Company on 20 February 2023, has been ratified by the Government of Equatorial Guinea.\u00a0 Panoro has been awarded a 56 percent operated interest in Block EG-01 alongside partners Kosmos Energy (24 percent) and GEPetrol (20 percent). Separately,\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\/2023\/04\/Equatorial-Guinea-Ceiba-Okume.png?fit=1033%2C630&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/04\/Equatorial-Guinea-Ceiba-Okume.png?fit=1033%2C630&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/04\/Equatorial-Guinea-Ceiba-Okume.png?fit=1033%2C630&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/04\/Equatorial-Guinea-Ceiba-Okume.png?fit=1033%2C630&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":14280,"url":"https:\/\/www.oilnewskenya.com\/index.php\/equatorial-guinea-panoro-energy-secures-rig-to-recommence-drilling-offshore-block-g\/","url_meta":{"origin":15717,"position":4},"title":"EQUATORIAL GUINEA: Panoro Energy Secures Rig to Recommence Drilling Offshore Block G","author":"","date":"April 24, 2024","format":false,"excerpt":"Panoro Energy has announced that following an evaluation of available options the operator of Block G offshore Equatorial Guinea, Trident Energy, has on behalf of the joint venture awarded a contract for the Noble Venturer drill ship to recommence infill drilling at the Ceiba Field and Okume Complex. The Noble\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\/2024\/04\/Equatorial-Guinea-Block-G.gif?fit=899%2C831&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/04\/Equatorial-Guinea-Block-G.gif?fit=899%2C831&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/04\/Equatorial-Guinea-Block-G.gif?fit=899%2C831&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/04\/Equatorial-Guinea-Block-G.gif?fit=899%2C831&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":15756,"url":"https:\/\/www.oilnewskenya.com\/index.php\/panoro-energy-provides-an-operational-update\/","url_meta":{"origin":15717,"position":5},"title":"Panoro Energy Provides an Operational Update","author":"Samuel Kamau Mbote","date":"May 7, 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;Top News&quot;","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"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":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/15717","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=15717"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/15717\/revisions"}],"predecessor-version":[{"id":15718,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/15717\/revisions\/15718"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/15549"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=15717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=15717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=15717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}