Independent exploration company Panoro Energy has announced a game-changing oil discovery at the Bourdon prospect on the Dussafu block offshore Gabon, alongside steady Q1 2025 production of approximately 12,000 barrels per day. The discovery represents the largest hydrocarbon column found to date at Dussafu.
The breakthrough well encountered approximately 34 meters of net oil play within a 45-meter oil column in the Gamba reservoir. A follow-up appraisal side-track confirmed an additional 11 meters of net oil play, supporting operator estimates of around 56 million barrels of oil in place, with 25 million barrels considered recoverable.
“[Panoro Energy’s] Q1 performance was in line with guidance, and we achieved good operational momentum into 2025,” stated John Hamilton, CEO of Panoro Energy. “Group production was steady quarter-on-quarter at ~12,000 bpd, with 2P reserves having increased by 22% year-on-year and further exploration success with the Bourdon discovery, offshore Gabon.”
The significant discovery has prompted Panoro Energy to increase its 2025 capital expenditure guidance from $35 million to $40 million. In Q1 2025, Gabon led production output at 6,841 bpd, followed by Equatorial Guinea at 3,661 bpd and Tunisia at 1,491 bpd.
The Dussafu discovery is strategically located just 13 kilometers from the BW Adolo FPSO and 9 kilometers from the MaBoMo production facility, positioning it perfectly for future tie-backs and development.
Source: energycapitalpower.com