(World Oil) – VAALCO Energy, Inc. has provided an operational update that included record production and sales volumes for 2024. Highlights: Recorded full year 2024 sales volumes of 24,100 to 24,600 working interest (WI) barrels of oil equivalent per day (boed), at the midpoint of its guidance range of 23,500 to 25,100 WI boed; Full year 2024 sales volumes were
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, 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.
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
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
From Bloomberg Equatorial Guinea signed agreements to develop natural gas from offshore blocks operated by Noble Energy Inc., which will feed the Punta Europa liquefied natural gas plant in an effort to boost exports of the fuel. The Alen Unit joint venture project, located in Blocks O and I, will install a 70-kilometer (44-mile) pipeline from its platform to the LNG
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