VAALCO Energy’s Etame 14H development well in Gabon produced an initial flow rate of 4,850 gross barrels of oil per day, translating to 2,850 net barrels to the company. The well encountered 325 meters of net pay in high‑quality Gamba sands, confirming the field’s productive potential and adding immediate production capacity to the company’s largest revenue‑generating segment.
The Baobab floating production storage and offloading vessel in Côte d’Ivoire was re‑installed after a 47‑day dry‑dock refurbishment. The FPSO is now fully moored and the riser and umbilical connections are being re‑connected, with production expected to resume by the end of the second quarter of 2026. The restart restores previously shut‑in capacity and supports the company’s 2026 production and cash‑flow inflection plan.
These operational milestones advance VAALCO’s goal of increasing regional production by 20,000‑23,000 gross barrels per day in 2026. The strong well performance in Gabon and the timely FPSO restart provide the immediate output needed to meet that target, while also reinforcing the company’s focus on optimizing existing assets and accelerating organic growth.
"We continue to see positive results from our Gabon drilling campaign. The Etame 14H development well encountered 325 meters of net pay in high‑quality Gamba sands in an attic position within the Main Fault Block at Etame. We are very pleased with the initial well rates of around 4,850 gross BOPD, or 2,850 net BOPD and are excited to add this new production," said CEO George Maxwell. "At Côte d’Ivoire, we have the Baobab FPSO on location and is in the process of reinstallation and forecast that restarting production from the Baobab field is on track for the end of Q2 2026. We are at a critical junction, with successes in the Gabon drilling campaign and the Baobab field returning to production, and we believe that the remainder of 2026 will be very profitable."
"We remain focused on execution and driving meaningful growth through our organic capital programs that we believe will translate into value for our shareholders in 2026 and beyond."
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