Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/panoro-energy-gets-approval-of-development-plan-of.shtmlPanoro Energy gets approval of development plan of Ruche, offshore Gabon
Panoro Energy says that the Direction Général de Hydrocarbures (DGH) has approved the Development and Production Plan (FDP) for Ruche,
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Panoro Energy says that the Direction Général de Hydrocarbures (DGH) has approved the Development and Production Plan (FDP) for Ruche, which includes the Ruche A (formally Ruche), Ruche B (Tortue), Ruche C (Moubenga) and Ruche D (Walt Whitman) discoveries. The FDP is based on a centrally located Floating Production, Storage and Offloading vessel (FPSO) with sub-sea wells tied back from each of these discoveries.
Front End Engineering Design (FEED) studies are already underway, and once completed a Final Investment Decision (FID) will be taken by the Dussafu partners. FID is scheduled to be made in early Q1-15 and based on the project schedule, production is expected to start in Q4-16.
