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.