VAALCO Energy enters 25-year development and production JOA with Equatorial Guinea

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  • VAALCO Energy (NYSE:EGY) partners signed final documents for the Venus-Block P Plan of Development, with Equatorial Guinea’s government approving a Joint Operating Agreement (JOA) for 25-year for development and production.
  • “We will now proceed with our front-end engineering design study (FEED). We anticipate that the completion of the FEED study will lead to an economic final investment decision, or “FID,” which will enable the development of the Venus POD. The Block P development will further enhance our portfolio by adding yet another strong producing asset to VAALCO’s global portfolio,” said George Maxwell, VAALCO’s CEO.

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