Panoro Energy reports that drilling of the Kosmos Energy-operated S-6 (Akeng Deep) exploration well at Block S offshore Equatorial Guinea has concluded. The well was drilled to a total vertical depth of approx. 4,030 meters and encountered oil zones in the Upper Albian which, following evaluation of all data gathered, is deemed sub-commercial by the partners.
At Block G, first oil from the Okume infill well was achieved mid-November with production ramp-up ongoing. The Ceiba infill well was brought online by the Block G operator, Trident Energy, mid-October and is performing ahead of expectations.
Panoro holds a 14.25 percent participating interest in Block G. Other partners are Kosmos Energy (operator) and GEPetrol. This marks the end of the 2024 drilling campaign in Equatorial Guinea.
John Hamilton, CEO of Panoro, commented: “Although the Akeng Deep well did not result in a commercial discovery, the identification of oil in the Upper Albian confirms elements of an active petroleum system and the data provides valuable insights into the potential of the Lower Cretaceous. The well results at S-6 will now be integrated into our subsurface models to refine future exploration and appraisal activities in the basin. At Block G we are pleased to report that both new infill wells at the Ceiba field and Okume Complex are onstream with the Ceiba well performing ahead of expectations and the Okume Complex well ramping up and set to add additional volume.”
Panoro holds a 12 percent participating interest in Block S. Kosmos Energy is the operator, along with other partners Trident Energy and GEPetrol.