VAALCO Energy, Inc. Announces Positive Operational Updates
Key Highlights
- ➤ETSEM-3H well reaches 2,000 gross BOPD, 1,140 BOPD net to Vaalco
- ➤Gabon Phase 3 drilling program completed; Borr Norve rig demobilized
- ➤Baobab Phase 5 drilling begins offshore Côte d’Ivoire
- ➤Four producers, three water injectors and two workovers planned
- ➤First Baobab producer expected online near end of 2026; growth expected in 2027
Expert Statements
George Maxwell, Chief Executive Officer of Vaalco Energy
“We are pleased with the results of the ETSEM-3H development well, which was landed in an attic location within the SE Etame field, and is now on production at about 2,000 gross BOPD (1,140 BOPD net to Vaalco). This represents the final well in our successful Phase 3 drilling campaign, and the drilling rig has now been demobilized from the field. In Côte d’Ivoire, following the successful re-start of the Baobab field during the second quarter, we have now commenced the Phase 5 drilling campaign with batch-setting the top-hole sections of the new wells. The current plan for the Phase 5 drilling campaign consists of four producers, three water injectors and two workovers. We expect to have the first new producer online near the end of the year, with meaningful production increases expected in 2027. Our continued success and organic project pipeline support Vaalco’s strategic focus on growing production, reserves and value for our shareholders.”
HOUSTON, Oct. 07, 2026 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) (“Vaalco” or the “Company”) announced successful completion of the offshore Gabon Phase 3 drilling program, including encouraging initial well results on the ETSEM-3H well and demobilization of the rig from the SE Etame platform. Additionally, the Company provided updates on the recently commenced Baobab drilling program offshore Côte d’Ivoire.
Operational Highlights: * Offshore Gabon, successfully drilled, completed and placed on production the ETSEM-3H development well in an attic position within the SE Etame field, with a lateral wellbore of 300 meters of net pay in high-quality Gamba reservoir sands; * Achieved stabilized initial flow rate of approximately 2,000 gross barrels of oil per day (“BOPD”), 1,140 BOPD net to Vaalco; * Phase 3 drilling program is now complete; and * Drill rig (Borr Norve) has been demobilized from the field.
Get started
Create a free account to read the full story.