(Ecofin Agency) - Panoro Energy ASA has today declared the successful completion of the Aje-5 production well situated on the OML 113 licence, offshore Nigeria.

The drilling which began in July has now being completed and all major equipment used has being moved to Lagos. The equipment which includes the Saipem Scarabeo 3 semi-submersible drilling rig is to re-enter the existing Aje-4 well to be completed as a second Cenomanian production well.

The company expects its first oil by the end of January 2016.

Meanwhile, the company has also announced that its President and Chief Operating Officer Nishant Dighe is to depart from his position on the 30th of November 2015.

However, Nishant Dighe is to continue as the company’s advisor temporarily, offshore energy today reports.