Vaalco Boosts Production with High-Impact Wells in Gabon and Egypt
Event summary
- Ebouri-5H well in Gabon achieved 8,000 gross BOPD, 4,700 net BOPD with 300m of net pay in high-quality Gamba sands.
- Rig mobilized to SEENT platform to drill ETBNM-3 well targeting gas and condensate in Dentale D15 reservoir.
- HE-9 well in Egypt delivered 529 gross BOPD, exceeding pre-drill expectations.
- Natural gas from successful Gabon wells to reduce operational costs by replacing diesel.
The big picture
Vaalco's operational updates underscore its focus on high-impact drilling to boost production and reserves in key markets. The success in Gabon and Egypt aligns with broader industry trends of optimizing existing assets for cost efficiency and output growth. With the Baobab field restart and continued drilling momentum, Vaalco aims to translate these achievements into shareholder value through organic capital programs.
What we're watching
- Production Growth
- Whether Vaalco can sustain high initial flow rates across its remaining Gabon drilling campaign.
- Cost Efficiency
- The pace at which natural gas utilization reduces operational expenses in Gabon.
- Reserve Expansion
- How successful the ETBNM-3 well will be in adding to gas and condensate reserves.
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