Q1 2023 trading and financial update BW Energy today provides an update on the operations and development of the Dussafu Marin license in Gabon. The Company will publish financial figures for the
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BW Energy has provided an update on the operations and development of the Dussafu Marin license in Gabon. The Company will publish financial figures for the first quarter of 2023 on 24 May 2023. Gross production from the Tortue field averaged approx. 7,300 barrels of oil per day in the first quarter of 2023, amounting to a total gross production of approx. 660,500 barrels of oil for the period.
Panoro Energy has provided an update in advance of its Q1 2023 results. Current group working interest production is strong at approx. 8,500 bopd, in line with expectations, following the key milestone of first oil at the Hibiscus Ruche Phase I development offshore Gabon on the Dussafu Marin Permit in early April and the acquisition by Panoro of the 40 percent minority interest it did not own in the Tunisian business also in April.
Panoro Energy has announced record full-year financial performance in 2022 with revenue up 58 percent year-on-year at USD 188.6 million and EBITDA up 78 percent year-on-year to USD 126.6 million.