KEY POINTS
- Panoro Energy achieves record quarterly oil production from its offshore assets in Gabon.
- The company credits increased output from the Dussafu Marin permit for the milestone.
- Panoro aims to continue expanding production and exploration activities in Gabon.
The company, Panoro Energy, has announced its highest ever quarterly oil production from its offshore assets in Gabon. However, the record breaking output is mainly due to higher production from the Dussafu Marin permit, one of Panoro’s key assets in the region.
Dussafu Marin permit: increased output
Panoro’s operations at the Dussafu Marin permit, offshore Gabon, are responsible for the surge in production. Ongoing exploration and drilling activities have contributed to steady growth in output in the field. In partnership with other stakeholders, Panoro Energy has optimized its extraction processes to the point that the company has been able to hit new production milestones.
Oil Review Africa said the company’s efforts to improve operational efficiency and use new technologies played a role in this huge increase in output. Panoro’s management is confident that this momentum will be maintained and that they will continue to explore and develop the Gabonese offshore region.
Gabon operations strong future prospects
Panoro Energy’s record production is a positive indicator of the company’s long term prospects in Gabon’s oil sector. The Dussafu Marin permit still provides for further exploration and Panoro is expected to invest in further drilling activities to optimize the field.
The company’s success in Gabon is consistent with its strategy of growing production in West Africa, where several offshore projects are under development. Panoro shows its commitment to sustainable growth and good resource management in the region by being able to increase production levels consistently.
Expanding exploration activities
The company is also exploring other opportunities to grow as Panoro Energy continues to break new ground with its Gabonese operations. Untapped reserves are planned to be tapped into by future drilling campaigns, making Panoro a key player in Gabon’s oil industry.
This is an incredible production record not just quarter, but for the whole year; it demonstrates a company’s resilience and adaptability in a tough market. Focusing on sustainable practices and technological advancement, Panoro is set to enjoy upward momentum in production and exploration in the offshore oil industry.
