Page 4 - Okume Complex News Today

Panoro Energy reports that working interest production for the first three months averaged 8,300 bopd, a new quarterly record for the Company. Operational and financial performance in the quarter were in line with guidance.

Panoro Energy said that the Ministry of Mines and Hydrocarbons of Equatorial Guinea has extended the Ceiba and Okume fields PSC until the end of 2040.

The government of Equatorial Guinea has granted an extension of the Production Sharing Contract ('PSC') for the offshore Block G until December 31…

Panoro Energy has announced that the Ministry of Mines and Hydrocarbons of Equatorial Guinea and the Joint Venture partners at Block G offshore Equatorial Guinea have agreed a material time extension of the Production Sharing Contract (PSC) until 31 December 2040 covering both the producing Ceiba and Okume Complex fields.

Africa Business Communities

Panoro Energy has provided an update in advance of its first quarter 2022 results which are scheduled for release on 25 May 2022. First quarter production performance of 8,300 barrels oil per day is within the full year average guidance range of 8,000 to 9,000 barrels oil per day and is the best ever quarterly production performance to date.

Panoro Energy has provided an update on operations and business performance in advance of the Company’s third quarter results. The Company continues to work towards achieving net working interest production of around 9,500 bopd by year end.

Investegate announcements from Tullow Oil PLC, US$180m Sale of Assets in West Africa to Panoro