Panoro Energy – Tunisia

Current Mandate Tunisia SOEP block

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Sfax Offshore
Exploration Permit &
Ras El-Besh Concession

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Panoro Energy ASA (“Panoro”) is offering a select group of companies the opportunity to acquire up to a 40% working interest in the Sfax Exploration Permit, which includes the Ras El-Besh Concession, offshore Tunisia. Panoro is seeking a prospective farminee to join the company in the drilling of an exploration/appraisal well.

Key points:

  • Exciting blend of existing discoveries, low-risk ILX targets and high impact exploration prospects.
  • Combined gross 2C and 2U resources of 25 MMbbls and 114 MMbbls, respectively. Additional leads offer significant running room, with up to 250 MMbbls total gross resources identified across the blocks.
  • Proven hydrocarbon province, with multiple-stacked Upper Cretaceous to Eocene carbonate reservoir targets prolific source rocks, as demonstrated on block by the Ras El-Besh, Jawhara and Salloum discoveries and surrounding fields, such as Ashtart.
  • Recently reprocessed 3D seismic data provides significant uplift of subsurface imaging, with several matured, low-risk prospects identified.
  • Multiple potential offtake solutions for future fast-track development ‘hub’.
  • Favourable lead-in time, with drilling planned for Q2/Q3 2024.