Europa Oil & Gas Gets Extension for EG-08 Exploration Period in Equatorial Guinea

03:22 AM EDT, 10/16/2026 (MT Newswires) -- Europa Oil & Gas (EOG.L) was granted a 12-month extension by Equatorial Guinea's Ministry of Hydrocarbons and Mining Development for the first exploration sub-period of the EG-08 production sharing contract. The first exploration sub-period will now expire on Oct. 4, 2027, and allows additional time to finalize the proposed farm-out deal with Fuhai and drilling preparations for the Barracuda well, expected to be drilled in the first half of 2027, the oil and gas company said Friday. The exploration period was initially set to end on Oct. 4.