Despite Covid-19, UK-based Panoro Energy says it is still targeting 5,000 b/d output from its Tunisia assets by the end of the year. This would represent a 28% increase on Q2 production of 3,900 b/d (net 1,130 b/d) and equate to around 14% of Tunisia’s 36,000 b/d 1H20 output.
While Covid-19 related restrictions have delayed the firm’s operational program by about three or four months, Panoro says ongoing workovers and new drilling could result in about 2,200 b/d of fresh and recovered production. However, the firm admits a planned exploration well (SMW-1) on its Sfax permit will now likely slip into 2021 (MEES, 29 May). (CONTINUED - 228 WORDS)