Project UpdateApr 21, 2026, 02:02 AM
VAALCO Reports 4,850 BOPD from Etame 14H, Baobab Restart on Track
AI Summary
VAALCO Energy announced positive operational updates from its Gabon drilling program, including successful initial results from the Etame 14H development well, which achieved an initial flow rate of 4,850 gross BOPD. The company has also mobilized the rig to the Ebouri platform to continue drilling. Additionally, the Baobab FPSO has returned to Côte d'Ivoire and is being reinstalled, with production restart on track for the end of Q2 2026. The CEO expressed confidence in a profitable remainder of 2026 due to these successes.
Key Highlights
- Etame 14H well achieved 4,850 gross BOPD (2,850 net BOPD) initial flow rate.
- Etame 14H well encountered 325 meters of net pay in high-quality Gamba sands.
- Rig mobilized to Ebouri platform; drilling commenced on EEBOM-5H development well.
- Baobab FPSO completed 47-day tow, arrived April 2, and is being reconnected.
- Baobab field production restart remains on track for end of Q2 2026.