By Kyle Morris

Vaalco Energy Inc. said Monday that the government of Equatorial Guinea has approved the Venus-Block P plan of development.

The project adds 23.1 million barrels of oil of 2P CPR gross reserves, and 18.5 million barrels of oil of 2P CPR working interest reserves, the company said.

Vaalco has an 80% participation interest in the project and is the operator.

Write to Kyle Morris at kyle.morris@dowjones.com

(END) Dow Jones Newswires

September 26, 2022 04:11 ET (08:11 GMT)

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