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Panoro Energy has agreed to farm-in to the Kosmos Energy operated Block S offshore Equatorial Guinea for a 12 per cent non-operated participating interest.
London-based Panoro Energy has agreed to farm-in into the Kosmos Energy-operated Block S offshore Equatorial Guinea.
Panoro Energy has announced 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’s production entitlement at Block G has exceeded the upfront acquisition cost of USD 94 million.
The license for offshore Block G, home to the producing Ceiba and Okume Complex, has been extended to December 2040.