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 […]

Panoro Energy has announced that the Ministry of Mines and Hydrocarbons of Equatorial Guinea and the Joint Venture partners at Block G offshore Equatorial Guinea have agreed a material time extension of the Production Sharing Contract (“PSC”) until 31 December 2040 covering both the producing Ceiba and Okume Complex Fields. Prior to the extension the […]

Panoro Energy has released its 2021 Annual Statement of Reserves (ASR) of its global Operations. The company after taken into account of 2021 production of 2.8 MMbbls the total net working interest reserves for Panoro expressed in million barrels of oil (“MMbbls”) as of 31 December 2021 were stated as follows: Proved (1P) reserves of […]

Chevron an international oil company has signed an agreement with the government of Equatorial Guinea for Block EG09, which is located in the Douala Basin on the border of Cameroon. This milestone signing agreement Represents a notable achievement for both Chevron as it moves to increase its penetration in the Equatorial Guinean market, and the […]

Gabriel MbagaObiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea has made an emphatic statement with respect to the current global trends on climate change. This time is his emphasis on the importance of Natural Gas production to Equatorial Guinea economy. Since Ireland in 2018 became the first country to say it would divest […]

Panoro and its joint venture partner Kosmos Energy have said the  that production of  Block G (Ceiba field and Okume Complex), offshore Equatorial Guinea, where Panoro holds a 14.25% Working Interest is averaging 29,100 bopd in the second quarter of 2021. The Okume upgrade project is expected to be completed in the fourth quarter and […]