(WO) — Vaalco Power reported preliminary manufacturing of roughly 2,000 bopd from a brand new growth properly offshore Gabon and confirmed operatorship of a probably materials offshore challenge in Côte d’Ivoire.
The Houston-based unbiased mentioned the Etame 15H-ST growth properly in Gabon’s Etame area has been drilled, accomplished and introduced on-line, delivering a stabilized circulate charge of roughly 2,000 gross barrels of oil per day with a 38% water reduce.
The properly features a 250-meter lateral of web 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 properly 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 properly 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 area on the offshore CI-40 Block, alongside accomplice PetroCI (40%). The corporate expects to submit a area growth plan within the second half of 2026.
The Kossipo discovery is estimated to include gross 2C sources of roughly 102 MMboe and 293 MMboe in place. The sector was initially found in 2002 and appraised in 2019, when a properly examined at greater than 7,000 bopd.
New ocean backside node seismic knowledge is supporting an up to date analysis and growth plan. The Baobab Ivorien FPSO is at present 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 now have begun 2026 with some very significant occasions,” George Maxwell, Vaalco’s CEO, mentioned. “We now have been confirmed because the operator with a 60% working curiosity within the Kossipo area, a discovery with an estimated 293 MMboe in place situated southwest from our extremely productive Baobab area 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.”
