Africa's Oil, Gas and Energy News.
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 announced the successful completion of the Avouma 3H-ST development well that was drilled from the Avouma platform in the Etame field, offshore Gabon. The initial flow rate … 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
Key Highlights Nearly doubles VAALCO’s total net production and reserves; Expected to be immediately accretive to VAALCO, with minimal additional variable costs; Anticipated to materially increase free cash flow in 2021 … Read More
VAALCO Energy has entered into crude oil commodity swap agreements for a total of 709,262 barrels at a Dated Brent weighted average price of $53.10 per barrel for the period … Read More
