Panoro Energy ASA (“Panoro” or the “Company”) notes the announcement by Trident Energy, the operator of Block G offshore Equatorial Guinea, confirming the arrival of the Noble Venturer drill ship at Luba port, Bioko Island.
The drilling campaign, which is expected to recommence shortly, will comprise of two infill wells located in water depths of 250 metres and 740 metres, before moving to the adjacent Block S to drill the Kosmos Energy operated Akeng Deep infrastructure led exploration well.
The contract was awarded to Noble Corporation for its Noble Venturer drill ship in April 2024 by Trident Energy on behalf of the joint venture partners including Panoro, Kosmos Energy and GEPetrol.
Panoro has a 14.25 per cent participating interest in Block G which holds the producing Cebia Field and Okume Complex and a 12 per cent participating interest in Block S.
John Hamilton, CEO of Panoro, commented:
“We are pleased to receive the high specification Noble Venturer drill ship in country and look forward to recommencing the infill drilling campaign at Block G which will be followed by the high impact Akeng Deep infrastructure led exploration well which, if successful, can open a new play fairway with a potentially very positive read across to the adjacent Block EG-01 which Panoro operates.”
