VAALCO Energy Announces Strong Drilling Results and On-Track Production Restart in Q2 2026

summarizeSummary

VAALCO Energy announced positive operational updates, including successful drilling results in Gabon with a new well producing 2,850 net BOPD, and the Baobab field in Côte d'Ivoire remaining on track for a Q2 2026 production restart.

check_boxKey Events

• Successful Etame 14H Development Well

  The Etame 14H development well in Gabon was successfully drilled, completed, and placed on production, achieving an excellent initial flow rate of approximately 2,850 net barrels of oil per day (BOPD). The well encountered 325 meters of net pay in high-quality Gamba sands with better-than-expected porosity and permeability.

• Baobab Field Production Restart On Track

  The Baobab Ivorien Floating Production Storage and Offloading Vessel (FPSO) has completed its tow from Dubai and is now fully moored back on its original location in Côte d'Ivoire. The process of reconnecting risers and umbilicals has begun, with the restart of production remaining on track for Q2 2026.

• Continued Gabon Drilling Campaign

  The drilling rig has been mobilized to the Ebouri platform in offshore Gabon, and drilling has commenced on the EEBOM-5H development well, targeting an updip/attic position.

auto_awesomeAnalysis

VAALCO Energy reported highly positive operational updates, including excellent initial production rates from a new development well in Gabon and significant progress on bringing the Baobab field in Côte d'Ivoire back online. The Etame 14H well's 2,850 net barrels of oil per day (BOPD) adds substantial new production, while the successful return and mooring of the Baobab FPSO keeps the Q2 2026 production restart on schedule. These developments are critical for the company's production growth and profitability, as highlighted by the CEO's optimistic outlook for the remainder of 2026.