Vaalco Energy | Egypt Oil & Gas

VAALCO Energy, TransGlobe Energy Approve Strategic Business Combination

TransGlobe Energy Corporation announced that it has approved the plan of arrangement in which VAALCO Energy Canada ULC (AcquireCO) will acquire all the issued and outstanding TransGlobe common shares.

Vaalco Resumes Production at Avouma 2-H

Vaalco Energy restarted production at the Avouma 2-H well on the Avouma platform, offshore Gabon, after utilizing a hydraulic workover unit to replace a failed electric submersible pump (ESP) system.

Vaalco Restored Drilling Offshore Gabon

Vaalco Energy has reported that the South Tchibala 2-H well, offshore Gabon, is back in production after experiencing issues with the electrical submersible pump system.

VAALCO Increased Stake in Gabon’s Offshore Field

VAALCO Energy has finalized the acquisition of a further 3.23% participating interest in the Etame Marin Permit located offshore of the Republic of Gabon from Sojitz Etame Limited.

Vaalco Exited Angola

Houston’s Vaalco Energy exited the Angolan market, discontinuing all operations, as the company picked up stake in Etame off Gabon during the third quarter of 2016, narrowing its focus and reducing costs.

Gabon Resumed Production at Avouma 2-H Well

Vaalco Energy’s Avouma 2-H well on the Avouma platform offshore Gabon in the Etame Marin Permit has resumed production at a stable rate, with the well producing approximately 1,850b/d of oil.

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