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Panoro Energy

Panoro Energy announced an oil discovery in the Ruche North East Marin-1 well offshore Gabon. The 1 well was drilled to identify additional oil resources in the presalt Gamba and Dentale Formations in the greater Ruche Area, and completed within budget. These resources may be developed together in the future with the existing Ruche field discoveries made by Panoro in 2011 and located 3 km to the southwest. Drilled with the Borr Norve jackup unit in 115-m water depth, the well reached a vertical depth of 3400 m within the Dentale Formation. Log evaluation, pressure data, and fluid samples indicate that approximately 15 m of good-quality oil pay was encountered in the Gamba Formation and 25 m of oil pay in stacked reservoirs within the Dentale Formation. The forward plan includes a sidetrack that will appraise the Dentale sands in an updip location and the lateral extent of the Gamba reservoir.


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