• The duration of the Production Sharing Contract on Block G offshore Equatorial Guinea covering both the producing Ceiba and Okume Complex Fields has been extended until YE40. Prior to the extension the PSC expiry for the Ceiba Field was 2029 and for the Okume Complex field 2034.
• The licence extension will allow Panoro to undertake further development drilling anticipated to commence in 2H23 to target material new production growth beyond the current guidance.
• Adjusting for relative WI, th ....
09 May 2022
Panoro Energy ASA (OSE: PEN): Licence extension in EG unlocks upside
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Panoro Energy ASA (OSE: PEN): Licence extension in EG unlocks upside
- Published:
09 May 2022 -
Author:
Stephane Foucaud -
Pages:
5
• The duration of the Production Sharing Contract on Block G offshore Equatorial Guinea covering both the producing Ceiba and Okume Complex Fields has been extended until YE40. Prior to the extension the PSC expiry for the Ceiba Field was 2029 and for the Okume Complex field 2034.
• The licence extension will allow Panoro to undertake further development drilling anticipated to commence in 2H23 to target material new production growth beyond the current guidance.
• Adjusting for relative WI, th ....