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Condor Energy Expands Offshore Peru Portfolio Beyond 3.3 Billion Barrels and Secures Full TEA 86 Ownership

7:05pm on Wednesday 29th of April, 2026 AEST Energy
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Condor Energy Expands Offshore Peru Portfolio Beyond 3.3 Billion Barrels and Secures Full TEA 86 Ownership

7:05pm on Wednesday 29th of April, 2026 AEST
Key Points
  • Greater Raya Prospect surpasses 900 million barrels (2U) gross unrisked
  • Total exploration portfolio exceeds 3.3 billion barrels (2U) gross unrisked
  • Large-scale deepwater reservoir fans identified, comparable to major global discoveries
  • Condor to acquire remaining 20% of TEA 86 via performance shares
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