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REVENUE (Tables)
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
The following table presents revenues from contracts with customers as well as revenues associated with the obligations under the Etame PSC.
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Revenues from customer contracts:(in thousands)
Sales under the COSPA or COSMA(1)
$65,984 $62,327 $97,434 $127,115 
Other items reported in revenue not associated with customer contracts:
Gabonese government share of Profit Oil taken in-kind1,980 — 30,394 — 
Carried interest recoupment65 — 65 1,174 
Royalties(9,462)(8,653)(17,139)(17,111)
Net revenues$58,567 $53,674 $110,754 $111,178 
(1) Crude oil sales and purchase agreements (“COSPAs”) or crude oil sales and marketing agreements (“COSMA or COSMAs”).
The following table presents revenues in Egypt from contracts with customers:
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Revenues from customer contracts:(in thousands)
Gross sales$55,188 $65,314 $112,844 $128,506 
Royalties(21,752)(29,716)(45,339)(55,836)
Selling costs(179)(117)(328)(228)
Net revenues$33,257 $35,481 $67,177 $72,442 
The following table presents revenues in Canada from contracts with customers:
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Revenues from customer contracts:(in thousands)
Oil revenue$3,751 $9,547 $9,076 $13,700 
Gas revenue572 384 1,208 1,205 
NGL revenue1,259 1,896 3,019 3,850 
Other revenue39 26 87 47 
Royalties(666)(1,151)(2,022)(2,268)
Selling costs(240)(318)(473)(461)
Net revenues$4,715 $10,384 $10,895 $16,073 
The following table presents revenues in Cote d'Ivoire from contracts with customers:
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Revenues from customer contracts:(in thousands)
Sales under the sales and purchase agreements$353 $17,240 $16,527 $17,240 
Other item reported in revenue not associated with customer contracts:
Cote d'Ivoire government share of Profit Oil taken in-kind— — 1,869 — 
Net revenues$353 $17,240 $18,396 $17,240 
For the three and six months ended June 30, 2025 and 2024, our revenue concentration by major customers are shown on the table below.
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Gabon100%100%100%100%
Egypt100%100%100%100%
Côte d'Ivoire100%100%100%100%
Canada
59%, 17% and 11%
45%, 24% and 20%
55%, 20% and 15%
35%, 30% and 24%