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