Panoro Energy - Operations in Equatorial Guinea

Equatorial Guinea

Block G (Ceiba Field and Okume Complex)

The Ceiba Field and Okume Complex assets comprise six oil fields offshore Equatorial Guinea. The Ceiba Field is located in 600-800 m of water depth on the slope of the southern Rio Muni Basin approximately 35 km offshore. Oil production commenced in November 2000 and the field was developed in phases with the production wells tied back to the Ceiba FPSO through a system of six subsea manifolds and flowlines. The produced liquids are processed on the FPSO for export. The field has 16 active production wells and 10 water injectors. Up to the end of December 2020 the field had produced a total of 206 MMbbl gross.

The Okume Complex consists of five separate oil fields, Okume, Ebano, Oveng, Akom North and Elon. The Okume Complex fields were discovered in 2001 and 2002 and are developed utilising four fixed jackets in the Elon field and two tension leg platforms to develop remaining fields. All fields are tied back to a central processing facility (CPF) at one of the Elon platforms. The processed oil from the CPF is transported via a 25km, 12 inch pipeline to the Ceiba FPSO for export. The Okume Complex fields have 32 active production wells and 12 water injectors. Up to the end of December 2020 the Okume Complex fields have produced a total of 240 MMbbl gross.

During 2020 production from the Block G fields averaged 33,500 bopd. As of the end of 2020 Block G had a total combined gross 2P reserve of 94 MMbbl and unrisked gross 2C resources of 179 MMbbls. Activities planned for 2021 include the drilling of three infill production wells in the Elon field which is part of the Okume Complex.