As part of the planned dry dock refurbishment, the Baobab Floating Production, Storage and Offloading (FPSO) vessel ceased hydrocarbon production on January 31, 2025, and the final lifting of crude oil from the FPSO took place in February 2025.
According to Vaalco’s third-quarter report, the vessel departed from the field in late March 2025 and has arrived at the shipyard in Dubai ahead of schedule for dry docking and operational maintenance in mid-May 2025.
The FPSO refurbishment is progressing well and has been underway in the shipyard for the last five months. A rig has been secured for significant development drilling, which is expected to begin in 2026 after the FPSO returns to service, potentially bringing meaningful production additions from the main Baobab field in CI-40.
The Company is also evaluating the potential future development of the Kossipo field, which is on the CI-40 license.
George Maxwell, Vaalco’s Chief Executive Officer, commented, “We are well-positioned to deliver growth as we prepare for multiple production-enhancing drilling campaigns across our diversified asset base.
In Côte d’Ivoire, the FPSO refurbishment project is well underway, with the vessel at the shipyard in Dubai, and we are preparing for a drilling campaign in 2026 to augment the production and economic life of the Baobab field”.
