In today’s briefing:
- Panoro Energy ASA (OSE: PEN): Rig contract terminated in EG: Inconsequential blip
Panoro Energy ASA (OSE: PEN): Rig contract terminated in EG: Inconsequential blip
- The rig contract in EG has been terminated by Trident Energy (the operator) on safety concerns with the Blow Out Preventers not working properly.
- We understand that there are suitable rig(s) available that are being considered as potential alternatives.
- The three well drilling campaign (followed by the drilling of the high impact Akeng Deep prospect) could restart during 2Q24 (subject to an alternative rig being secured).
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