(WO) — Vaalco Power reported preliminary manufacturing of roughly 2,000 bopd from a brand new growth effectively offshore Gabon and confirmed operatorship of a probably materials offshore challenge in Côte d’Ivoire.
The Houston-based unbiased stated the Etame 15H-ST growth effectively in Gabon’s Etame subject has been drilled, accomplished and introduced on-line, delivering a stabilized movement price of roughly 2,000 gross barrels of oil per day with a 38% water minimize.
The effectively features a 250-meter lateral of internet pay in high-quality Gamba sands close to the highest of the reservoir and is being actively managed to stabilize strain and optimize reservoir efficiency.
Vaalco has additionally spudded a step-out exploration effectively in West Etame from the S1 slot on the Etame platform. The prospect carries a 57% probability of geologic success and is anticipated to succeed in goal depth by mid-March. If profitable, the effectively may add incremental reserves and manufacturing in 2026.
In Côte d’Ivoire, Vaalco was confirmed as operator with a 60% working curiosity within the Kossipo subject on the offshore CI-40 Block, alongside accomplice PetroCI (40%). The corporate expects to submit a subject growth plan within the second half of 2026.
The Kossipo discovery is estimated to include gross 2C assets of roughly 102 MMboe and 293 MMboe in place. The sphere was initially found in 2002 and appraised in 2019, when a effectively examined at greater than 7,000 bopd.
New ocean backside node seismic information is supporting an up to date analysis and growth plan. The Baobab Ivorien FPSO is presently off the East coast of Africa and is anticipated to return offshore Côte d’Ivoire by late March, with manufacturing focused to renew within the second quarter.
“We’ve begun 2026 with some very significant occasions,” George Maxwell, Vaalco’s CEO, stated. “We’ve been confirmed because the operator with a 60% working curiosity within the Kossipo subject, a discovery with an estimated 293 MMboe in place positioned southwest from our extremely productive Baobab subject on the CI-40 Block. We’re additionally happy with the encouraging begin of the Gabon drilling marketing campaign, the ET-15H-ST which stabilized at roughly 2,000 bopd. The rig has remained on the Etame platform and is now drilling an exploration prospect in West Etame, that has a 57% probability of geological success and if profitable may add manufacturing and extra reserves in Gabon.”
