Olje

alsman
PEN 04.10.2019 kl 07:41 43619


John Hamilton, CEO of Panoro, commented: "Results of drilling at Hibiscus Updip
have significantly exceeded expectations. Both the original wellbore and
sidetrack have encountered oil columns with excellent reservoir properties and
our estimate of gross recoverable oil at Hibiscus Updip is between 40 and 50
million barrels. Our phase 3 development plans to tie the nearby Ruche and Ruche
NE fields back to the Adolo FPSO are now being expanded to include a possible
fast-track development of the discovery. Additionally, this successful well
enables us to further de-risk Gamba prospectivity in the Hibiscus area where we
see significant additional potential. We are extremely pleased with the
continued drilling success at Dussafu, and now look forward to the commencement
of the production drilling phase at Tortue".

https://newsweb.oslobors.no/message/486530

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