Nigeria: PetroNor buys Panoro stake in Aje field


Issue 454 - 10 Feb 2022

Panoro Energy has secured government approval to sell its interest in offshore block OML 113 – which contains the Aje field – to Africa-focused independent PetroNor. The deal will end Panoro’s presence in Nigeria’s upstream sector. It also paves the way for increasing oil and gas production from the current 1,900 b/d towards a target of 9,000 b/d under a three-phase field development programme.

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