Panoro Announces Final Investment Decision on the Development of the Dussafu oilfields
Oslo, 18 July 2017 – Panoro Energy ASA (the “Company” or “Panoro” with OSE ticker: “PEN”) is pleased to announce that Pan Petroleum Gabon B.V. (a fully owned subsidiary of Panoro) has approved the operator’s proposed work program and budget to move forward at full speed with the development of the Dussafu oilfields, offshore Gabon. The development plan will consist of two initial horizontal wells at Tortue in the Gamba and Dentale reservoirs. An appraisal side-track will also be drilled in the northwest of the Tortue field. The two production wells will be tied back to a leased FPSO via