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Panoro Energy

Panoro Energy has planned to use the CTF-4, a 2,000-horsepower onshore rig for the drilling of the Salloum West-1 (SAMW-1) well located in the Sfax Offshore Exploration Permit offshore Tunisia. The oil company has signed a Heads of Terms agreement for the supply of the rig with the Tunisian drilling contractor Compagnie Tunisienne de Forage (CTF). Subject to the firm rig-contract signing, the SAMW-1 well will be directionally drilled from the shore as a deviated well. Panoro Energy took over all existing permit interests, rights, and remaining work obligations at Sfax, Ras El Besh Concession, and Hammamet Offshore Exploration Permit through the acquisition of DNO Tunisia completed in June. The spud date of the SAMW-1 well is anticipated to be in the first half of 2019.


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