Business UpdateJun 9, 2026, 02:02 AM
VAALCO Baobab Field Offshore Côte d d Ivoire Restarts Production
AI Summary
VAALCO Energy announced that its Baobab field on the CI-40 block offshore Côte d d Ivoire has successfully restarted production following the refurbishment of its Floating Production Storage and Offloading (FPSO) vessel. The FPSO refurbishment, which took nine months in Dubai, returned to Côte d d Ivoire in early Q2 2026 and is now re-connected to the field infrastructure. Production has resumed from four wells, with the remaining three producers expected to come online shortly, and the field is performing as expected. The company plans a significant Phase 5 development drilling program at Baobab in the second half of 2026, aiming for meaningful production additions.
Key Highlights
- Baobab field on CI-40 block offshore Côte d d Ivoire is back online following FPSO refurbishment.
- FPSO refurbishment extended the vessel's life and ensures long-term operational capacity.
- Production resumed from four wells, with three additional producers expected online shortly.
- Phase 5 drilling program at Baobab is planned for H2 2026, including four producers, 2-3 injectors, and two workovers.
- CI-40 block license has been extended through 2038, indicating long-term potential.
- The field is performing in line with Vaalco's expectations.
Price Impact
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