VAALCO Energy has reported strong initial results from its ongoing offshore Gabon drilling campaign, including production exceeding 8,000 bopd from the Ebouri-5H development well, while also providing an update on drilling activities in Egypt.
VAALCO Energy has reported strong initial results from its ongoing offshore Gabon drilling campaign, while progressing additional development activity and a planned production restart offshore Côte d’Ivoire.
In a landmark deal, Houston-based hydrocarbon exploration company VAALCO Energy has reported that all involved parties have finalized a production sharing contract (PSC) for Block P offshore Equatorial Guinea. According to the joint operating agreement, which was approved by the government of Equatorial Guinea in March 2024, the PSC provides for a development and production period of 25 years from the date of approval.