VAALCO Energy announces strong Gabon well results and successful Baobab FPSO arrival

VAALCO Energy (NYSE:EGY) released a comprehensive operational update today, highlighting significant production gains in Gabon and a major logistics success in Côte d’Ivoire.

The company continues to demonstrate high-efficiency execution across its West African portfolio, bolstered by successful drilling results and the restoration of key production infrastructure.

In Gabon, VAALCO announced that the Etame 14H well has commenced production with an impressive initial rate of approximately 4,850 gross barrels of oil per day (BOPD), or 2,850 BOPD net to the company.

The well encountered an expansive 325 meters of net pay within the high-quality Gamba sands, a key reservoir for the Etame Marin block.

Following this success, the drilling rig has been mobilized to the Ebouri platform, where drilling has officially commenced on the EEBOM-5H well.

Parallel to its success in Gabon, VAALCO reported that the Baobab FPSO (Floating Production, Storage, and Offloading) vessel has completed its 47-day tow and is now fully moored at its offshore location in Côte d’Ivoire.

The technical teams have begun the critical reconnection process.

The company reaffirmed that the restart of production at the Baobab field remains on track for the second quarter of 2026.

This restoration is a mechanical necessity for VAALCO to achieve its full-year production targets, as the Baobab field represents a significant portion of the company’s diversified regional output.