Gabon has added 2,000 BOPD to its total crude production, following VAALCO Energy’s announcement of positive operational updates in Gabon. The Company drilling program showed solid initial oil production results on the Etame 15H-ST well and the spudding of the next well.
Vaalco has successfully drilled, completed, and placed on production the Etame 15H-ST development well in the 1V block of the Etame field, with a lateral of 250 meters of net pay in high-quality Gamba sands near the top of the reservoir.
The well has a stabilized flow rate of approximately 2,000 gross barrels of oil per day (“BOPD”) with a 38% water cut, through a 42/64 choke and ESP at 54 Hz, confirming expectations from the ET-15P pilot well results. Vaalco is actively managing the well to stabilize pressure and manage the reservoir.
The West Etame step-out exploration well was spudded in mid-February. The rig drilling the well from the S1 slot on the Etame platform, Etame West (ET-14P) exploration prospect, has a 57% chance of geologic success and is expected to reach the target zone by mid-March.
“We are pleased with the encouraging start of the Gabon drilling campaign, the ET-15H-ST, which stabilized at approximately 2,000 BOPD. The rig has remained on the Etame platform and is now drilling an exploration prospect in West Etame, which has a 57% chance of geological success and, if successful, could add production and additional reserves in Gabon,” George Maxwell, Vaalco’s Chief Executive Officer, commented. On success, the exploration prospect would add meaningful production and reserves to Vaalco’s 2026 year-end.
