Vaalco Energy (LSE:EGY), announced the Etame 14H development well in Gabon has been drilled, completed and placed on production, delivering an initial flow rate of approximately 4,850 gross barrels of oil per day (2,850 BOPD net to Vaalco) and encountering 325 metres of net pay in high‑quality Gamba sands in an attic position within the Main Fault Block.
The company has now mobilised the rig to the Ebouri platform and begun drilling the EEBOM‑5H development well, targeting an updip/attic position by sidetracking from the previously abandoned EEBOM‑5P. Vaalco also plans workovers on two other wells as part of the Gabon campaign.
Offshore Côte d’Ivoire, the Baobab FPSO completed a 47‑day tow from the Dry Dock World shipyard in Dubai, arrived on April 2, is fully moored on location and is reconnecting risers and umbilicals; Vaalco says restart of production remains on track for Q2 2026.
"We are at a critical junction, with successes in the Gabon drilling campaign and the Baobab field returning to production, and we believe that the remainder of 2026 will be very profitable," said George Maxwell, Vaalco's Chief Executive Officer
