Access to capital key to Panoro growth
The producer’s CEO tells Petroleum Economist about its recent acquisitions and the prospects for maturing oil and gas assets in Africa
Oslo-listed Panoro Energy is undergoing a rapid expansion. The firm added to its portfolio recently with the acquisition of west African assets from debt-burdened Anglo-Irish independent Tullow Oil, comprising an expanded holding in Gabon and Panoro’s first move into Equatorial Guinea. Panoro is an E&P specialist with an exclusive focus on Africa. Earlier this month, the company announced the “transformational acquisition” from Tullow of a 14.25pc stake in Equatorial Guinea’s offshore block G (Ceiba and Okume), as well as another 10pc of Gabon’s Dussafu field, bringing its share up to 17.5pc. The deals—which are both expected to be completed in the first half of this year—will increase t
Also in this section
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
19 November 2024
Energy minister says country is delaying first oil production until pipeline and refinery are ready
