Atlas Petroleum International Limited and development partners have announced the development of the Venus discovery in Block P, Equatorial Guinea. Block P has Vaalco as Operator, and Guinea Ecuatorial de Petroleós Co. (GEPetrol) as the state-owned oil company of Equatorial Guinea, representing the interests of the state. This positive result follows the 8 March 2023 Plan […]

Panoro Energy has announced record full-year financial performance in 2022 with revenue up 58 percent year-on-year at USD 188.6 million and EBITDA up 78 percent year-on-year to USD 126.6 million. The Company has maintained a conservative leverage profile with net debt of USD 46.8 million at year end representing a net debt to EBITDA ratio […]

Panoro Energy is consolidating its presence in Equatorial Guinea owing to recent award of a 56 percent participating interest and operatorship of Block EG-01 located offshore Equatorial Guinea (pending ratification). Partners in the block will be Kosmos Energy (24 percent pending signature) and GEPetrol (20 percent). Block EG-01 borders both Block G where Panoro has […]

The year 2022 was a record year for Panoro with revenues estimated at approximately USD 188 million. Working interest production averaged approximately 7,500 bopd. Underpinned by a strong balance sheet and conservative leverage profile the Company is well positioned for its organic production growth. Production drilling commenced in early January at the Hibiscus Ruche Phase […]

Panoro Energy ASA said that it has agreed to farm-in to the Kosmos Energy operated Block S offshore Equatorial Guinea for a 12 per cent non-operated participating interest. The current joint venture partnership at Block S is Kosmos Energy (40 per cent and operator), Trident Energy (40 per cent) and GEPetrol (20 per cent). Panoro’s […]

Atlas Petroleum has noted the recent press statement made by Vaalco Energy, Inc. on the Block P Venus discovery Plan of Development (POD). Atlas Petroleum, as a legacy investor in Equatorial Guinea, has been a partner in Block P prior to Vaalco’s entrance to the block, and remains an investor with active 34.13% participating interest […]

VAALCO Energy has announced that the Government of Equatorial Guinea has approved the Venus – Block P Plan of Development (POD). VAALCO has an 80% participation interest in the project and is the operator. Upon the execution of final documents, VAALCO will proceed directly to project execution which targets first oil in 2026 and adds […]

Panoro Energy ASA has announced that following its lifting of 745,000 barrels of oil at Block G offshore Equatorial Guinea in July and receipt of its related payment in excess of USD 80 million, cumulative net cash flow generated from Panoro’s production entitlement at Block G has exceeded the upfront acquisition cost of USD 94 […]

Panoro Energy ASA is pleased to provide crude lifting and production update on its July crude oil lifting schedule in its operations in Equatorial Guinea. The Company in its recent press release  declared  the completion of its scheduled lifting of approximately 745,000 barrels of oil in Equatorial Guinea at a realized price of USD 108.50 […]

Trident Energy Equatorial Guinea, has launched and commissioned a major project to convert 15 gas lift wells to electrical submersible pumps (ESPs) by the end of 2022, This is aimed at unlocking the geological capacity of our Okume complex. The Okume complex fields are a series of stratigraphically trapped deep water channel-levee complexes confined within […]