VAALCO Energy partners with Borr Drilling for offshore campaign in Gabon, aiming for production growth

From Nasdaq: 2024-12-30 13:53:00

VAALCO Energy Inc. (EGY) signs a contract with Borr Drilling Limited for its 2025/2026 drilling program in Gabon, starting in mid-2025. The program includes development, appraisal, and exploration wells, with options for additional drilling. EGY aims for organic growth and production increase at the Etame field.

EGY’s contract with Borr Drilling offers flexibility for offshore drilling in Gabon. The drilling campaign will focus on the Etame field and SEENT platform, with workovers in the Ebouri field to restore production. VAALCO Energy anticipates continued organic growth across its diverse portfolio in the future.

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