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SEGMENT INFORMATION - Schedule of Segment Activity of Continuing Operations (Details) - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2022
Revenues: |  |  |
Crude oil, natural gas and natural gas liquids sales | $ 478,988 | $ 455,066 | $ 354,326
Operating costs and expenses: |  |  |
Production expense | 163,500 | 153,157 | 112,661
FPSO demobilization and other costs | 0 | 7,484 | 8,867
Exploration expense | 48 | 1,965 | 258
Depreciation, depletion and amortization | 143,034 | 115,302 | 48,143
General and administrative expense | 29,684 | 23,840 | 10,077
Credit (recovery) losses and other | 6,304 | (4,906) | 3,082
Total operating costs and expenses | 342,570 | 296,842 | 183,088
Other operating expense, net | 78 | 433 | 38
Operating income (loss) | 136,496 | 158,657 | 171,276
Other income (expense): |  |  |
Derivative instruments gain (loss), net | (745) | 232 | (37,812)
Interest income (expense), net | (3,732) | (6,452) | (2,034)
Bargain purchase gain | 13,532 | (1,412) | 10,819
Other income (expense), net |  | (2,306) | (8,120)
Other income (expense), net | (5,754) | (894) | (18,939)
Total other income (expense), net | 3,301 | (8,526) | (47,966)
Income before income taxes | 139,797 | 150,131 | 123,310
Income tax expense | 81,307 | 89,777 | 71,420
Net income | 58,490 | 60,354 | 51,890
Consolidated capital expenditures | 109,438 | 72,636 | 434,360
Gabon |  |  |
Revenues: |  |  |
Crude oil, natural gas and natural gas liquids sales | 205,954 | 260,346 | 306,775
Egypt |  |  |
Revenues: |  |  |
Crude oil, natural gas and natural gas liquids sales | 145,966 | 161,049 | 37,710
Canada |  |  |
Revenues: |  |  |
Crude oil, natural gas and natural gas liquids sales | 31,986 | 33,671 | 9,841
Cote d'Ivoire |  |  |
Revenues: |  |  |
Crude oil, natural gas and natural gas liquids sales | 95,082 |  |
Operating | Gabon |  |  |
Revenues: |  |  |
Crude oil, natural gas and natural gas liquids sales | 205,954 | 260,346 | 306,775
Operating costs and expenses: |  |  |
Production expense | 62,234 | 87,131 | 96,854
FPSO demobilization and other costs |  | 7,484 | 8,867
Exploration expense | 0 | 51 | 258
Depreciation, depletion and amortization | 50,679 | 62,622 | 34,651
General and administrative expense | 1,679 | 1,769 | 3,101
Credit (recovery) losses and other | 812 | (10,596) | 2,743
Total operating costs and expenses | 115,404 | 148,461 | 146,474
Other operating expense, net | (24) | (55) | 38
Operating income (loss) | 90,526 | 111,830 | 160,339
Other income (expense): |  |  |
Derivative instruments gain (loss), net | 0 | 0 | 0
Interest income (expense), net | (4,694) | (5,563) | (1,446)
Bargain purchase gain | 0 |  |
Other income (expense), net |  | (820) | (1,484)
Other income (expense), net | (1,635) |  |
Total other income (expense), net | (6,329) | (6,383) | (2,930)
Income before income taxes | 84,197 | 105,447 | 157,409
Income tax expense | 48,026 | 50,692 | 68,509
Net income | 36,171 | 54,755 | 88,900
Consolidated capital expenditures | 22,579 | 17,011 | 162,375
Operating | Egypt |  |  |
Revenues: |  |  |
Crude oil, natural gas and natural gas liquids sales | 145,966 | 161,049 | 37,710
Operating costs and expenses: |  |  |
Production expense | 50,770 | 54,779 | 11,936
FPSO demobilization and other costs |  | 0 | 0
Exploration expense | 48 | 1,914 | 0
Depreciation, depletion and amortization | 33,458 | 35,095 | 10,444
General and administrative expense | 70 | 974 | 0
Credit (recovery) losses and other | 4,813 | 5,182 | 0
Total operating costs and expenses | 89,159 | 97,944 | 22,380
Other operating expense, net | 0 | (241) | 0
Operating income (loss) | 56,807 | 62,864 | 15,330
Other income (expense): |  |  |
Derivative instruments gain (loss), net | 0 | 0 | 0
Interest income (expense), net | (1,489) | (2,110) | (596)
Bargain purchase gain | 0 |  |
Other income (expense), net |  | 0 | 0
Other income (expense), net | (204) |  |
Total other income (expense), net | (1,693) | (2,110) | (596)
Income before income taxes | 55,114 | 60,754 | 14,734
Income tax expense | 30,648 | 32,859 | 6,254
Net income | 24,466 | 27,895 | 8,480
Consolidated capital expenditures | 11,364 | 37,866 | 168,012
Operating | Canada |  |  |
Revenues: |  |  |
Crude oil, natural gas and natural gas liquids sales | 31,986 | 33,671 | 9,841
Operating costs and expenses: |  |  |
Production expense | 11,301 | 9,463 | 1,972
FPSO demobilization and other costs |  | 0 | 0
Exploration expense | 0 | 0 | 0
Depreciation, depletion and amortization | 19,309 | 17,398 | 2,921
General and administrative expense | (206) | 0 | 0
Credit (recovery) losses and other | 0 | 0 | 0
Total operating costs and expenses | 30,404 | 26,861 | 4,893
Other operating expense, net | 102 | 729 | 0
Operating income (loss) | 1,684 | 7,539 | 4,948
Other income (expense): |  |  |
Derivative instruments gain (loss), net | 0 | 0 | 13
Interest income (expense), net | (46) | (4) | 0
Bargain purchase gain | 0 |  |
Other income (expense), net |  | 2 | 0
Other income (expense), net | 225 |  |
Total other income (expense), net | 179 | (2) | 13
Income before income taxes | 1,863 | 7,537 | 4,961
Income tax expense | 0 | 0 | 0
Net income | 1,863 | 7,537 | 4,961
Consolidated capital expenditures | 25,828 | 16,809 | 103,263
Operating | Equatorial Guinea |  |  |
Revenues: |  |  |
Crude oil, natural gas and natural gas liquids sales | 0 | 0 | 0
Operating costs and expenses: |  |  |
Production expense | 1,173 | 1,481 | 1,899
FPSO demobilization and other costs |  | 0 | 0
Exploration expense | 0 | 0 | 0
Depreciation, depletion and amortization | 0 | 0 | 0
General and administrative expense | 305 | 416 | 538
Credit (recovery) losses and other | 679 | 508 | 339
Total operating costs and expenses | 2,157 | 2,405 | 2,776
Other operating expense, net | 0 | 0 | 0
Operating income (loss) | (2,157) | (2,405) | (2,776)
Other income (expense): |  |  |
Derivative instruments gain (loss), net | 0 | 0 | 0
Interest income (expense), net | 0 | 0 | 0
Bargain purchase gain | 0 |  |
Other income (expense), net |  | (6) | 0
Other income (expense), net | (7) |  |
Total other income (expense), net | (7) | (6) | 0
Income before income taxes | (2,164) | (2,411) | (2,776)
Income tax expense | 0 | 0 | 1
Net income | (2,164) | (2,411) | (2,777)
Consolidated capital expenditures | 641 | 0 | 0
Operating | Cote d'Ivoire |  |  |
Revenues: |  |  |
Crude oil, natural gas and natural gas liquids sales | 95,082 |  |
Operating costs and expenses: |  |  |
Production expense | 38,017 |  |
Exploration expense | 0 |  |
Depreciation, depletion and amortization | 38,771 |  |
General and administrative expense | 1,701 |  |
Credit (recovery) losses and other | 0 |  |
Total operating costs and expenses | 78,489 |  |
Other operating expense, net | 0 |  |
Operating income (loss) | 16,593 |  |
Other income (expense): |  |  |
Derivative instruments gain (loss), net | (533) |  |
Interest income (expense), net | 313 |  |
Bargain purchase gain | 0 |  |
Other income (expense), net | (1) |  |
Total other income (expense), net | (221) |  |
Income before income taxes | 16,372 |  |
Income tax expense | 4,229 |  |
Net income | 12,143 |  |
Consolidated capital expenditures | 44,435 |  |
Corporate and Other |  |  |
Revenues: |  |  |
Crude oil, natural gas and natural gas liquids sales | 0 | 0 | 0
Operating costs and expenses: |  |  |
Production expense | 5 | 303 | 0
FPSO demobilization and other costs |  | 0 | 0
Exploration expense | 0 | 0 | 0
Depreciation, depletion and amortization | 817 | 187 | 127
General and administrative expense | 26,135 | 20,681 | 6,438
Credit (recovery) losses and other | 0 | 0 | 0
Total operating costs and expenses | 26,957 | 21,171 | 6,565
Other operating expense, net | 0 | 0 | 0
Operating income (loss) | (26,957) | (21,171) | (6,565)
Other income (expense): |  |  |
Derivative instruments gain (loss), net | (212) | 232 | (37,825)
Interest income (expense), net | 2,184 | 1,225 | 8
Bargain purchase gain | 13,532 |  |
Other income (expense), net |  | (1,482) | (6,636)
Other income (expense), net | (4,132) |  |
Total other income (expense), net | 11,372 | (25) | (44,453)
Income before income taxes | (15,585) | (21,196) | (51,018)
Income tax expense | (1,596) | 6,226 | (3,344)
Net income | (13,989) | (27,422) | (47,674)
Consolidated capital expenditures | $ 4,592 | $ 950 | $ 710

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