VAALCO Energy Initiates Phase Three Drilling Efforts
HOUSTON, Dec. 09, 2025 — VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) has officially launched its Phase Three Drilling Program offshore, heralding new opportunities in the Etame field with the recent spudding of the ET-15 infill well.
Exciting Opportunities Ahead for VAALCO
George Maxwell, the CEO of VAALCO Energy, expressed enthusiasm regarding the commencement of this essential drilling campaign. He highlighted that this represents the beginning of a series of value creation initiatives previously shared during their Capital Markets Day in May. Following the arrival of the drilling rig in late November, the team is eager to commence work.
The focus starts with the ET-15 well on the Etame platform, followed by plans to drill pilot holes. The company anticipates moving the rig to SEENT and Ebouri platforms soon after, where additional wells and workovers are scheduled. These activities are designed to optimize production efficiency, decrease operational costs, and potentially expand reserves.
Future Growth and Strategic Vision
As VAALCO moves into the new year, they are primed to drive growth in Gabon and Côte d’Ivoire, aiming to deliver substantial returns for shareholders. The Phase Three Drilling Program is seen as a pivotal strategy that underscores VAALCO's commitment to operational success and strategic expansion.
Drilling Rig Advancements
The company secured a drilling rig with an affiliate of Borr Drilling in late 2024, a crucial step in preparing for this ambitious Phase Three initiative. This preparation reflects VAALCO's proactive approach to resource management and operational readiness, positioning them well for the challenges ahead.
About VAALCO Energy
VAALCO Energy, established in 1985 and headquartered in Houston, Texas, is an independent energy company that oversees a diverse array of production, development, and exploration assets across several countries, including Gabon and Egypt. With a strong focus on efficient operations and shareholder value, VAALCO is well-positioned to thrive in the competitive energy landscape.
Contact Information for VAALCO Energy
For more information regarding VAALCO Energy, Inc., you can reach their general and investor inquiries department at +00 1 713 543 3422. To explore more about the company, visit their website at www.vaalco.com.
Frequently Asked Questions
What is VAALCO Energy's latest drilling program about?
VAALCO Energy has initiated its Phase Three Drilling Program offshore, beginning with the ET-15 well on the Etame platform.
Where is the ET-15 infill well located?
The ET-15 well is situated on the Etame platform, part of VAALCO's operations off the coast of Gabon.
Who is the CEO of VAALCO Energy?
The current CEO of VAALCO Energy is George Maxwell, who emphasizes the company's commitment to growth.
What are the future plans following the ET-15 well?
After drilling the ET-15 well, the rig will be moved to SEENT and Ebouri platforms for additional wells and workovers.
How can I contact VAALCO for more information?
You can contact VAALCO Energy for inquiries at +00 1 713 543 3422 or visit their official website.
