Equatorial Guinea to Get New FPSO by 2026

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Researched by Industrial Info Resources (Sugar Land, Texas)--Vaalco Energy (NYSE:EGY) (Houston, Texas) is negotiating final government approvals for the Venus field development located in Offshore Block P of Equatorial Guinea. Block P comprises the Venus production and development area, where a development plan is proposed for a floating production, storage and offloading (FPSO) vessel. Vaalco is forecasting first oil production from the FPSO in 2026.

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