Panoro Energy: BW Adolo FPSO vessel sail away

Oslo, 2 July 2018 - Panoro Energy (the "Company" or "Panoro" with OSE ticker: "PEN") is pleased to announce that following excellent progress on commissioning, the Floating, Production, Storage and Offloading (‘FPSO") vessel, BW Adolo, has now left Singapore and is in route to the Tortue field, part of the Dussafu block offshore Gabon. It is expected that the FPSO will arrive in Gabonese waters in August 2018. The Tortue development project remains on course to deliver first oil at Dussafu in 2H2018.

Enquiries:

John Hamilton, Chief Executive Officer
Tel:    +44 203 405 1060
Email: info@panoroenergy.com

About Panoro Energy

Panoro Energy ASA is an independent E&P company based in London and listed on the Oslo Stock Exchange with ticker PEN. The Company holds production, development, and exploration assets in West Africa, namely OML 113 offshore western Nigeria and the Dussafu License offshore southern Gabon. In addition to discovered hydrocarbon resources and reserves, both assets also hold significant exploration potential. For more information, please visit the Company’s website at www.panoroenergy.com.