Panoro Energy - Operations in Gabon

/Gabon Operations
Gabon Operations 2017-07-24T09:59:05+00:00
Gabon

The Dussafu Marin Permit


Gabon is sub-Saharan Africa’s fourth largest producer and exporter of crude oil. The Dussafu Marin Permit is a Development block with multiple discoveries and prospects lying within a proven oil and gas play fairway within the Southern Gabon Basin. To the north west of the block is the Etame-Ebouri Trend, a collection of fields producing from the pre-salt Gamba and Dentale sandstones, and to the north are the Lucina and M’Bya fields which produce from the syn-rift Lucina sandstones beneath the Gamba.

Dussafu is operated by BW Energy Gabon and Panoro’s current interest in the license is 8.33%. There are four oil fields within the Dussafu Permit: Ruche, Tortue, Moubenga and Walt Whitman. A plan for development of the discovered resources within the Dussafu permit was approved by the Gabonese Government and an Exclusive Exploitation Authorisation (“the Ruche area EEA”) was awarded in July 2014. The area awarded under the EEA covers 850.5 km2 and includes all four fields and numerous undrilled structures that could be economically and expeditiously developed through the Ruche area development infrastructure.  The EEA allows the Dussafu joint venture partners to exploit hydrocarbon resources in the area of the EEA for up to 20 years from first production.

The development of the Dussafu fields is underway, with plans to start production from 2 wells at the Tortue field in 2018. Oil will be produced from the Gamba and Dentale reservoirs at Tortue into a leased Floating, Production, Storage and Offloading (FPSO) vessel via subsea trees and flowlines. Panoro Energy is carried through this first phase of the Dussafu development which is expected to cost around $150million. Once production is achieved, further wells are planned to be drilled in the area to tie back additional resources from Tortue and other fields nearby.

The exploration potential in Dussafu is significant and interpretation of recent 3D seismic data has confirmed several large Dentale prospects and numerous Gamba prospects in addition to the already discovered resources.

  • Asset: Dussafu Marin

  • Status: Exploration & Development

  • Ownership: 8.333%

  • Partners: BW Dussafu BV