Panoro has completed its acquisition of DNO Tunisia. Involved are be the Sfax Offshore, Hammamet Offshore and Ras El Besh permits. For its part, DNO has subscribed to 5.65% of the outstanding shares in Panoro, at a price of NOK 12.82 per share. DNO will also receive a deferred consideration of up to USD 13.2 million paid by future production from the Sfax Offshore expl permit.
Chuanshen 1 completed with shows in the Permian Maokou Formation. The well reached a final TD of 8,420 m on 24 June 2018, the bottom hole temperature is as high as 200 dgr C. Sinopec â Xinan spudded a record ultra-deep new-field wildcat in the Sichuan Basin. 