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Gabon approves Harvest-led consortium offshore Dussafu development plans

13th October 2014

A joint venture led by Harvest Natural Resources has received approval from the Direction Général de Hydrocarbures (DGH) of Gabonfor its Development and Production Plan (FDP) for the Ruche development, which includes the Ruche A (formally Ruche), Ruche B (Tortue), Ruche C (Moubenga) and Ruche D (Walt Whitman) discoveries

Gabon approves Harvest-led consortium offshore Dussafu development plans
Front-end engineering design (FEED) studies are already underway, and once completed a Final Investment Decision (FID) will be taken by the Dussafu partners

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, according to consortium partner Panoro Energy. 

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.

The FDP approval by the DGH is an important milestone for the development of Ruche. The joint venture is looking to move forward with the development of these discoveries and to further unlock the significant pre-salt exploration potential within the Dussafu licence.

Panoro Energy holds a 33.33 per cent stake in the Dussafu Marin permit. The permit is operated by Harvest Dussafu, an affiliate of Harvest Natural Resources.

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