Vaalco holds a 60% working interest in and is the operator of Block P, located offshore Equatorial Guinea. Block P contains the Venus field development opportunity, along with further material contingent and prospective resource.
In 2024, Vaalco finalized the Joint Operating Agreement for the previously approved Venus-Block P plan of development (POD) in offshore Equatorial Guinea.Drilling Down the Details of Our Operations.
With the completion of the Venus-Block P plan of development (POD) in offshore Equatorial Guinea, we are now moving forward with plans to develop, operate and initiate production over the next few years. This includes advancing with the FEED study, which is expected to culminate in an economic Final Investment Decision (FID) enabling the development of the Venus POD.
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