Business UpdateAug 5, 2026, 02:04 AM
Vaalco Energy Completes Gas Well, Starts New Gabon Drilling
AI Summary
Vaalco Energy provided operational updates for its offshore Gabon drilling program. The company successfully drilled and completed the ETBNM-3 gas-supply well, which will reduce operational costs by providing sufficient gas for field operations, liftings, and power, thereby cutting down on higher-priced diesel use. Additionally, Vaalco commenced drilling the ETSEM-3PH pilot hole and development well on the SEENT platform, designed to test the original field Oil Water Contact and potential of the underlying Dentale formation.
Key Highlights
- ETBNM-3 gas-supply well successfully drilled and completed in North Tchibala structure.
- Reservoir properties of ETBNM-3 exceeded pre-drill estimates with over 10 meters of net reservoir pay.
- Gas well provides sufficient supply for field operations, reducing reliance on expensive diesel.
- Evaluation ongoing for shallower pay intervals (D-9 and D-12) in ETBNM-3, potentially containing wet gas to light oil.
- Commenced drilling ETSEM-3PH pilot hole and development well on SEENT platform on July 27.
- ETSEM-3PH pilot well designed to test original field Oil Water Contact and Dentale formation potential.
- Planned horizontal development well following pilot will have a 300-meter completion length in Gamba sands.
Price Impact
More from EGY