Block G (Ceiba Field and Okume Complex)

The Ceiba Field and Okume Complex assets comprise six oil fields offshore Equatorial Guinea. The Ceiba Field commenced production in 2000 and has been developed in phases with the production wells tied back to the Ceiba FPSO. The Okume Complex consists of five separate oil fields developed via four fixed jackets and two tension leg platforms. Processed oil is transported to the Ceiba FPSO for export.

Block S and Block EG-01

Block S and Block EG-01 border the producing Block G fields. In line with Panoro’s infrastructure led exploration strategy the blocks provide access to a large inventory of prospects and leads within tie back distance of existing production facilities.

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 and Exploitation license 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.

TCP 218

Panoro is incubating a potential Helium and natural gas play in the highly prospective Northern Karoo basin onshore South Africa. The renewable nature of the resource, possibility to displace coal fired power generation and many applications of Helium make for a compelling investment opportunity from both a commercial and ESG perspective.

Block 2B

Block 2B is located offshore in the Orange Basin in water depths between 50 and 200 metres and covers an area of 3,062 km2, encompassing the A-J rift graben. In 1988 the A-J 1 well drilled by Soekor encountered reservoir sandstones between 2,985 metres and 3,350 metres depth. High quality 36 API oil was tested over an interval within these sandstones at a rate of 191 barrels of oil per day.

Sfax Offshore Exploration Permit and Ras El Besh Concession

The Sfax Offshore Exploration Permit, containing the Ras El Besh Concession, lies in the prolific oil and gas Cretaceous and Eocene carbonate platforms of the Pelagian Basin offshore Tunisia. In the vicinity of the Permit area are numerous existing producing fields with infrastructure and spare capacity in pipelines and facilities. 

TPS Assets

The TPS Assets comprise five oil field concessions in the region of the city of Sfax, onshore and shallow water offshore Tunisia. The concessions are Cercina, Cercina Sud, Rhemoura, El Ain/Gremda and El Hajeb/Guebiba.