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Picture: VAALCO Power
VAALCO Power, Inc. reported continued operational progress throughout its diversified upstream portfolio within the third quarter of 2025, with key developments in Gabon, Côte d’Ivoire, Egypt, Canada, and Equatorial Guinea. The corporate stated it stays on monitor for a number of production-enhancing campaigns via 2026.
In Gabon, VAALCO accomplished a full-field upkeep turnaround—the primary since bringing its new FSO on-line in 2022—executed on finances and with out security or environmental incidents. The corporate expects to start its 2025–2026 drilling program in late November as soon as the contracted rig completes its present commitments. The marketing campaign consists of a number of growth, appraisal, and workover wells on the Etame, Seent, and Ebouri fields, together with re-entry operations concentrating on reserves beforehand excluded attributable to hydrogen sulfide.
In Côte d’Ivoire, refurbishment of the Baobab FPSO continues on schedule on the Dubai shipyard, with the vessel 5 months into dry-dock operations. The mission will allow a brand new growth drilling section in 2026 aimed toward extending manufacturing life from the Baobab subject and probably unlocking extra volumes from the Kossipo subject inside the CI-40 license.
In Egypt, the continuing drilling marketing campaign has delivered robust outcomes, with 4 new growth wells accomplished within the Jap Desert and a further exploration nicely finalized within the Western Desert. Steady nicely interventions and optimization efforts have additionally supported greater manufacturing ranges via the quarter.
In Canada, VAALCO deferred new drilling to focus capital on higher-return worldwide tasks however continues to pursue low-cost optimization work to reinforce current output.
In the meantime, in Equatorial Guinea, VAALCO accomplished front-end engineering and design (FEED) for the Venus subject growth in Block P and is now assessing different technical options to enhance mission economics.
Chief Govt Officer George Maxwell stated the corporate stays positioned for progress: “We’re making ready for a number of production-enhancing drilling campaigns throughout our diversified asset base. Our FPSO refurbishment in Côte d’Ivoire, upcoming rig arrival in Gabon, and ongoing success in Egypt lay the groundwork for significant progress in 2026 and past.”
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