Vaalco announces strong well results in Gabon, Egypt

PORT-GENTIL, June 16, 2026 – Vaalco Energy announced on Monday that two development wells in Gabon and Egypt have been brought into production, yielding initial flow rates above expectations.

In Gabon, the Ebouri-5H development well has been completed and placed on production with a lateral of 300 meters of net pay, achieving an initial flow rate of 8,000 bopd, of which 4,700 bopd net to Vaalco.

To continue its drilling campaign, Vaalco will mobilise the rig on location to the SEENT offshore platform to drill the ETBNM-3 development well, which will target gas and condensates in the Dentale D15 reservoir in the North Tchibala structure. Vaalco said it plans to use natural gas produced from successful wells for its operations, replacing more costly diesel fuel, which is currently transported by vessel to the offshore site.

Vaalco also said it has started production from the onshore HE-9 development well in Egypt, which had encountered 26 metres of net pay in the Asl B reservoir and achieved an initial flow rate of 529 gross bopd.

 

“With the continued successes in the Gabon and Egypt drilling campaigns, we have many positive achievements year-to-date, and we believe that the remainder of 2026 will be profitable. We remain focused on execution and driving meaningful growth through our organic capital programmes,” said Vaalco CEO George Maxwell.

Vaalco Energy is a Texas-based, Africa-focused oil and gas operator with assets in Côte d’Ivoire, Egypt, Equatorial Guinea and Gabon. In Gabon, Vaalco operates the Etame Marin offshore block with a 58.8% interest and holds a 37.5% non-operating stake in the Niosi Marin and Guduma Marin exploration blocks.

In Egypt, the company holds interests in the West Gharib, West Bakr and North West Gharib merged concessions in the Eastern Desert and the South Ghazalat concession in the Western Desert.

 

Photo courtesy of Vaalco Energy

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