The Government of Equatorial Guinea has officially ratified the production sharing contract (PSC) for Block EG-23, partnering with Panoro Energy and Gepetrol to develop the offshore site north of Bioko Island.
The Government of Equatorial Guinea has ratified the production sharing contract for Block EG-23 with Panoro Energy
Gepetrol has the option to increase its stake in the block, further consolidating domestic growth, while Panoro Energy will oversee operations. This partnership, achieved through successful negotiations with the Malabo government, underscores a shared commitment to fostering investment and strengthening the local industry.
Block EG-23: Location & Key Details
Located offshore north of Bioko Island, Block EG-23 spans approximately 600 square kilometres with water depths ranging from 50 to 100 metres.
