Search results for: Panoro

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  • 9 July 2015
    Business & Finance

    Panoro Energy’s Silje Auguston has resigned as a member of the board of directors, effective immediately. Panoro Energy said that, in her resignation, Augustson cited that her other engagements are increasingly demanding and time consuming and has made it necessary to come to this decision. Silje Auguston has served on Panoro’s Board since May 2012 […]

  • 25 January 2011
    Business & Finance

    Panoro Energy ASA signs farm-out agreement for blocks SM-1035, SM-1036 and SM-1100 in the Santos Basin offshore Brazil Panoro Energy ASA (“PEN”, OSE ticker code), the independent oil and gas company with assets in West Africa and Brazil, is pleased to announce that the Company has reached agreement to farm out 35% of Panoro’s 50% […]

  • 6 December 2016

    Panoro Energy has filed a request for arbitration against its joint venture partners in OML 113 off Nigeria due to a cash call notice for a new well on the Aje field.  Panoro, through its fully owned subsidiary Pan Petroleum Aje Limited (PPAL), holds 6.502% participation interest in OML 113. The partners in the license are […]

  • 7 November 2018
    Business & Finance

    Oslo-listed Panoro Energy has agreed to buy OMV’s assets in Tunisia for $65 million through the acquisition of OMV’s subsidiary OMV Tunisia Upstream.

  • 6 January 2017

    London-based E&P company Panoro Energy has won a court case related to a payment claim by an advisory firm regarding a success fee on the sale of assets in Brazil. Euro-Latin Capital SA (ELC), an M&A advisory firm, sued Panoro with a claim of $2.4 million, based on an alleged right to a success fee on […]

  • 18 July 2017

    Panoro Energy a partner in the Dussafu oilfields, offshore Gabon, has approved the operator’s proposed work program and budget to move forward “at full speed” with the development of the fields. According to Panoro, the operator BW Energy Gabon plans to develop the project via two initial horizontal wells at Tortue in the Gamba and […]

  • 21 December 2018

    Austria’s OMV has closed the previously announced transaction to sell its 100% owned subsidiary, OMV Tunisia Upstream GmbH, to a subsidiary of Panoro Energy.

  • 1 February 2019

    Oslo-listed Panoro Energy has revealed plans to increase daily output and the reserve base on its Tunisian TPS assets which it recently bought from OMV.

  • 28 April 2017

    BW Offshore’s subsidiary, BW Energy Gabon Pte. Ltd (BWEG), has completed the acquisition of 25 percent working interest in the Dussafu production sharing contract offshore Gabon from Panoro Energy. After BWEG became the majority owner in the Dussafu license through the acquisition of a 66.67 percent stake from Harvest Energia for $32 million in cash, […]

  • 30 July 2018

    Panoro Energy has completed the previously announced acquisition of DNO Tunisia.

  • 3 November 2017
    Business & Finance

    Pan Petroleum Aje Limited (PPAL), subsidiary of London-based E&P company Panoro Energy, has entered into a binding agreement with the joint-venture partners in the OML 113 off Nigeria, to, inter alia, suspend certain ongoing litigation and arbitration proceedings among the partners. The OML 113 holds the Aje field, operated by Yinka Folawiyo Petroleum. The other members […]

  • 16 October 2015
    Exploration & Production, Project & Tenders

    Panoro Energy ASA, an independent E&P company has announced that the Aje-5 production well located on the OML 113 license, offshore Nigeria, has been successfully completed, and the reservoir has been perforated in the Upper and Lower Cenomanian Oil-bearing zones. In an announcement on Friday, Panoro said that the subsea tree has been installed and the […]

  • 22 February 2017
    Business & Finance

    FPSO provider BW Offshore has entered into a sale and purchase agreement with Panoro Energy to buy a further 25% working interest in the Dussafu production sharing contract, offshore Gabon. BW Offshore in December 2016 formed a joint venture company with BW Group, known as BW Energy Holdings Pte. Ltd. (BWEH), for the purpose of pursuing oil and […]

  • 16 September 2011
    Business & Finance

    Panoro Energy ASA , the independent oil and gas company with assets in West Africa and Brazil, has on behalf of the partnership signed a rig contract with a subsidiary of Transocean for the GSF Arctic I semi-submersible drilling rig to drill three wells on blocks BM-S-63 (formerly SM-1036), BM-S-71 (formerly SM-1035) and BM-S-72 (formerly […]

  • 12 December 2014
    Business & Finance

    Panoro Energy today announced that as part of its continuing efforts to reduce its overhead costs it will close its Oslo office. As a result of this corporate reorganization to improve efficiency, the Board of Directors of Panoro has appointed its Chief Operating Officer, Nishant Dighe, as Interim Chief Executive Officer to replace Jan Kielland. The […]

  • 4 February 2016
    Project & Tenders

    Panoro Energy, an independent exploration and production company, has informed that the floating production, storage and offloading vessel (FPSO) for the Aje field, is on its way to its location offshore Nigeria.  To remind, the Aje Field Development Plan was approved in March 2014 and the Final Investment Decision for the project was made in October […]

  • 8 June 2015
    Business & Finance, Operations & Maintenance, Project & Tenders

    Panoro Energy has, on behalf of the joint venture partners of the OML113 license, entered into a rig contract with Saipem for the Scarabeo 3 drilling rig to carry out the drilling and completion programme for the Aje Field Cenomanian oil development. Aje is an offshore field located in the western part of Nigeria in […]

  • 3 January 2018

    Panoro Energy has settled a dispute with its joint-venture partners in the OML 113 offshore Nigeria related to drilling of new development wells on the Aje field. 

  • 16 May 2018
    Exploration & Production

    BW Offshore will drill an additional appraisal well to test one of several prospects mapped in the Ruche area within the Dussafu license offshore Gabon.

  • 9 January 2018
    Exploration & Production, Infrastructure, Project & Tenders

    Gabonese government has approved the amended Field Development Plan (FDP) for the Tortue oil field located offshore Gabon as part of the Dussafu Production Sharing Contract (PSC). 

  • 8 June 2015
    Business & Finance, Exploration & Production

    Panoro Energy ASA, a London-based oil and gas E&P company focused on West Africa, has entered into a rig contract with Saipem for the Scarabeo 3 drilling rig to carry out the drilling and completion programme for the Aje Field Cenomanian oil development, offshore Nigeria.  Panoro is the operator of the OML113 license in Aje, an offshore […]

  • 20 April 2016
    Exploration & Production, Project & Tenders

    Panoro Energy, an independent oil and gas E&P company focused on West Africa, has informed that the Aje oil field offshore Nigeria is in the final stages of development operations. According to the company’s statement on Wednesday, the final hook up procedures are in progress with a view to the wells being brought into production shortly. […]