APO Group - Africa Newsroom / Press release | African Energy Chamber (AEC) Celebrates Panoro Energy's Hibiscus South Oil Discovery
African Energy Chamber (AEC) Celebrates Panoro Energy’s Hibiscus South Oil Discovery
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African Energy Chamber (AEC) Celebrates Panoro Energy’s Hibiscus South Oil Discovery
Independent E&P company Panoro Energy has made a sizeable oil discovery at the Hibiscus South well (DHBSM-1), located on the Dussafu Marin Permit in
The successful drilling operation reached a total depth of 6002 meters, revealing promising results for the exploration efforts in the area.
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Preliminary estimates of recoverable volumes at Hibiscus South are 6-7 MMboe and in line with pre-drill expectations of approximately 16 MMboe in place / 7 MMboe recoverable.