Page 2 - Okume Complex News Today

Antonio Oburu Ondo, Equatorial Guinea’s recently appointed Minister of Mines and Hydrocarbons, has awarded independent exploration and production company

Panoro Energy has secured operatorship and a 56 percent stake in Block EG-01 offshore Equatorial Guinea.

Panoro Energy has expanded its portfolio offshore Equatorial Guinea, following the award of a stake and operatorship in offshore Block EG-01. 

Panoro Energy has been awarded a 56% participating interest and operatorship of Block EG-01 located offshore Equatorial Guinea. Block EG-01 borders both Block G where Panoro has a 14.25% non-operated interest (and which contains the producing Ceiba Field and Okume Complex) and Block S where Panoro has agreed to farm-in to a 12 percent non-operated interest.

The partners have been awarded block EG-01 for an initial period of three years, during which they will conduct subsurface studies based on existing seismic data to further define and evaluate the prospectivity of the block.

Oil and gas company Panoro Energy has been awarded a 56 percent stake in and operatorship of Block EG-01, located offshore Equatorial Guinea…

Africa Oil Corp. has entered into Equatorial Guinea, thanks to the inking of two production sharing contracts (PSCs) for two offshore blocks.

Read more about Equatorial Guinea awards Panoro Energy and Africa Oil Corp production sharing contracts on Devdiscourse

Africa Business Communities

Following an agreement forged during the Namibian International Energy Conference in 2022, a youth training initiative launched by Namibia and Equatorial Guinea has set the tone for an ambitious local content drive that will position Namibia as a competitive hydrocarbon producer