Africa's Oil, Gas and Energy News.
VAALCO Energy has announced that it has entered into a new revolving credit facility with an initial commitment of $190 million and the ability to grow to $300 million, led … Read More
Equatorial Guinea is taking decisive steps to revitalize its upstream sector, with plans to launch a new licensing round in 2025 aimed at increasing exploration and production. With the global … Read More
VAALCO Energy has announced a significant milestone in its Côte d’Ivoire Floating Production Storage and Offloading vessel (FPSO) Dry Dock Refurbishment Project. In alignment with the project timeline, the FPSO Baobab … Read More
Reported fourth quarter 2022 production of approximately 18,175 working interest (“WI”) barrels of oil equivalent (“BOEPD”) or about 14,200 net revenue interest (“NRI”) BOEPD; Production was within VAALCO’s fourth quarter … Read More
VAALCO Energy has completed the successful drilling of the South Tchibala 1HB-ST well that was drilled from the Avouma platform in the Etame field, offshore Gabon. Highlights Discovered significant columns of … Read More
VAALCO Energy has announced entry into a new credit agreement, effective May 16, 2022, for a new five-year Reserve Based Lending facility with Glencore Energy UK Ltd. that includes an … Read More
VAALCO Energy has provided an update on the Etame field reconfiguration in conjunction with the replacement of the existing Floating Production, Storage and Offloading unit (FPSO) with a Floating Storage … Read More
VAALCO Energy has announced that it has commenced its 2021/2022 drilling campaign offshore Gabon with the Etame 8H-ST well. Under a drilling contract announced by VAALCO in early summer, a … Read More
VAALCO Energy has signed a binding letter of intent with World Carrier Offshore Services Corp. to provide and operate a Floating Storage and Offloading (FSO) unit at VAALCO’s Etame Marin … Read More
VAALCO Energy has announced it has executed a contract with Borr Jack-Up XIV Inc., an affiliate of Borr Drilling Limited, to drill two development wells and two appraisal wellbores with … Read More
