Akeng Deep drilling is complete offshore Equatorial Guinea

The S-6 (Akeng Deep) exploration well at Block S offshore Equatorial Guinea has been declared a sub-commercial discovery by Panoro Energy and partners, following the completion of drilling and data evaluation 

Drilled to a total vertical depth of approximately 4,030 metres, the well revealed oil zones in the Upper Albian. The drilling was facilitated by the Noble Venturer drillship. 

At Block G, first oil from the Okume infill well was achieved mid-November with production ramp-up ongoing. The Ceiba infill well was brought online by the Block G operator, Trident Energy, mid-October and is performing ahead of expectations.

This marks the end of the 2024 drilling campaign in Equatorial Guinea.

Active petroleum system

John Hamilton, CEO of Panoro, said, "Although the Akeng Deep well did not result in a commercial discovery, the identification of oil in the Upper Albian confirms elements of an active petroleum system and the data provide valuable insights into the potential of the Lower Cretaceous. The well results at S-6 will now be integrated into our subsurface models to refine future exploration and appraisal activities in the basin. At Block G we are pleased to report that both new infill wells at the Ceiba field and Okume Complex are onstream with the Ceiba well performing ahead of expectations and the Okume Complex well ramping up and set to add additional volume.”