Equatorial Guinea

VAALCO Energy to unlock over 20 MMbbl of oil offshore Equatorial Guinea in “landmark” PSC deal

August 8, 2024

World Oil Publisher’s Note: VAALCO Energy will be a presenter at EnerCom Denver-The Energy Investment Conference on August 18-21, 2024. Register to attend, investor one-on-one meetings can be scheduled. (WO) – In a landmark deal, Houston-based oil and gas exploration company VAALCO Energy has reported that all involved parties have finalized a production sharing contract (PSC) for Block P offshore

VAALCO Energy finalizes development plan for Venus-Block P discovery offshore Equatorial Guinea

March 26, 2024

VAALCO Energy, Inc. announced that all partners have signed the final documents and the Government of Equatorial Guinea has approved the Joint Operating agreement (“JOA”) related to the Venus-Block P Plan of Development (“POD”). The Block P Production Sharing Contract (“PSC”) provides for a development and production period of 25 years from the date of approval of the POD.

Exxon set to exit Equatorial Guinea

February 9, 2024

Oil Price Exxon is leaving Equatorial Guinea after a three-decade presence in the OPEC member from Central Africa. The supermajor told Bloomberg that it will transfer its holdings in the country to the government and that “Our focus now is on a safe handover of operations and caring for all impacted by this change.” Exxon also added that the exit was part

Chevron, Equatorial Guinea sign production sharing contract for Block EG09

December 9, 2021

World Oil JOHANNESBURG, SOUTH AFRICA — Chevron has signed an agreement with the government of Equatorial Guinea for Block EG09, located in the Douala basin on the border of Cameroon. Representing a notable achievement for both Chevron as it moves to increase its penetration in the Equatorial Guinean market, and the country itself in its journey towards resource maximization, the