Panoro Energy ASA is an independent E&P company based in London and listed on the Oslo Stock Exchange with ticker PEN. The Company holds high quality exploration and development assets in West Africa, namely the Dussafu License offshore southern Gabon, and OML 113 offshore western Nigeria. Both assets have discoveries with approved Field Development Plans. In addition to discovered hydrocarbon resources and reserves, both assets also hold significant exploration potential.
In Nigeria the Aje development will initially consist of 2 wells in the Cenomanian oil reservoir producing into an FPSO with 2 further wells to follow. In addition to the existing discovered hydrocarbon resources both assets also hold significant exploration potential – the West African pre-salt play in Dussafu, and the Cretaceous transform margin and the syn-rift plays in OML113.