by Andreas Exarheas
Wednesday, September 19, 2018
Panoro Energy announces that first oil production has started from the Tortue field, which is located within the Dussafu PSC offshore Gabon.
Panoro Energy has announced that first oil production has started from the Tortue field, which is located within the Dussafu PSC offshore Gabon.
“The introduction of first hydrocarbons into the BW Adolo FPSO operated by BW Offshore has been achieved on budget, safely, and comfortably within the guided timeframe,” Panoro said in a company statement.
“Operations will now focus on stabilization of production and completion of other start up activities. Further announcements will be made in due course as to production rates and planning for Tortue Phase 2,” the statement added.
John Hamilton, chief executive officer of Panoro Energy, said achieving first oil at Tortue is a material milestone for Panoro.
“We are extremely pleased for all stakeholders in this major production asset in Gabon, and the commencement of oil production at Dussafu represents a significant accomplishment for Gabon and the Dussafu project team,” Hamilton said in a Panoro statement.
Panoro Energy, which was founded in 2009, is an independent oil and gas company headquartered in London. In addition to Gabon, the company has operations in Tunisia and Nigeria.
On July 30, Panoro Energy announced that it had completed the acquisition of DNO Tunisia AS. In a company statement released at the time, Hamilton described the transaction as “transformational”.
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