Vaalco Energy Targets Growth with Gabon Well Success and Côte d’Ivoire Field Advancement
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Vaalco Energy ( (EGY) ) has issued an announcement.
Vaalco Energy reported encouraging operational progress in Gabon, where it has drilled, completed and brought onstream the Etame 15H-ST development well in the Etame field, delivering a stabilized flow rate of about 2,000 gross barrels of oil per day while the company actively manages reservoir performance. The same campaign has moved on to a West Etame step-out exploration well with a relatively high estimated chance of geologic success, positioning Gabonese operations to potentially add meaningful production and reserves by the end of 2026.
In Côte d’Ivoire, Vaalco has been confirmed as operator with a 60% working interest in the Kossipo field on the offshore CI-40 block, underpinned by new ocean bottom node seismic data and estimated gross 2C resources of roughly 102 million barrels of oil equivalent. With a field development plan targeted for completion in the second half of 2026 and the Baobab Ivorien FPSO expected back on location by late March ahead of a planned restart in the second quarter, management frames these developments as key building blocks toward a substantial increase in organic production growth and enhanced shareholder value over the coming years.
More about Vaalco Energy
Vaalco Energy, Inc. is a Houston-based independent energy company founded in 1985 that focuses on the exploration, development and production of crude oil and natural gas. The company holds a diversified portfolio of production, development and exploration assets across Gabon, Egypt, Côte d’Ivoire, Equatorial Guinea and Nigeria, with listings on the NYSE and LSE under the ticker EGY.
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