BWO- Spud Hibiscus

BW Energy is the operator of the Dussafu permit and Panoro Energy is its partner.

Panoro informed on Monday that drilling had started on the Hibiscus Updip prospect, using the Borr Norve jack-up drilling rig. This is the first well in an intensive six-well campaign planned on Dussafu during 2019 and 2020.

The Hibiscus Updip well (DHIBM-1) is located about 56 km offshore Gabon in 116 m water depth. The well is planned as a vertical well to test the highly productive Gamba and Dentale reservoirs.

The DHIBM-1 well is also located approximately 1.5 km southwest of the Hibiscus well (HIBM-1) drilled by Arco in 1991 based on 2D seismic data, and which found good quality Gamba reservoir with live oil shows. The new well is positioned to intersect the Gamba at what is believed, based on 3D seismic data acquired by Panoro in 2013, to be an updip position from the HIBM-1 well.

Following the DHIBM-1 well, the rig will move on to drill four consecutive horizontal production wells at the Tortue field, followed by an additional exploration well in 2020.