VAALCO Energy Inc - Company Profile
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Business Description
VAALCO Energy Inc (VAALCO) an independent energy company that acquires, develops and explores natural resource properties and produces crude oil. The company operates through two reportable segments: Gabon, Egypt, Canada and Equatorial Guinea. In FY2022 the company incurred a capital expenditure of US$159.9 million, which grew 309.3% YoY.
Business Segments
Performance
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Overview
Holds interests in Eastern Desert and Western Desert. Eastern Desert contains merged concessions approximately 45,067 acres and Western Desert contains merged consession approximately 7,340 acres
Performance
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Overview
Owns 37.5% working interest in the Etame Marin block in offshore Gabon, West Africa. Block includes The Etame, Ebouri, Avouma/South Tchibala, Southeast Etame and North Tchibala fields. Block accounts for approximately 100% of the company’s current revenues. VAALCO is the operator of the block.
Performance
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Overview
Owns 31% working interests in an undeveloped portion of Block P in the offshore Equatorial Guinea, West Africa. This block is under development.
Performance
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