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Panoro Commences Drilling at Tortue Oil Field, Offshore Gabon

Source: www.gulfoilandgas.com 1/29/2018, Location: Africa

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Panoro Energy ASA is pleased to announce that drilling has just commenced on the DTM-2H production well on the Tortue oil field, located offshore Gabon and part of the Dussafu Marin Production Sharing Contract (“PSC”). The well is being drilled with the Borr Norve jack-up rig.

Tortue is an offshore field located in the southern part of Gabon and situated in a water depth of 116 metres approximately 50 km from the coast. Panoro Energy holds an 8.33% interest in the Dussafu Marin PSC, operated by BW Energy Dussafu BV. The Tortue field contains oil reserves in two main sandstone reservoirs – the Gamba and the Dentale D6.

The DTM-2H well is being drilled as a horizontal well targeting the Dentale D6 reservoir at 3,140 m true vertical depth subsea. Following drilling, the well is intended to be completed as a gas lifted, subsea oil production well with an approximate 500 metre horizontal drain. The drilling and completion for DTM-2H is expected to take approximately 70 days. Following the drilling of the DTM-2H well the rig will move first to drill the DTM-3 pilot hole in order to appraise the northwest of the Tortue field in both the Gamba and Dentale reservoirs. Subsequently, the rig will drill the DTM 3-H production well targeting the Gamba reservoir at Tortue.

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