VAALCO Energy has completed its Phase 3 offshore drilling programme in Gabon, bringing the ETSEM-3H development well into production and demobilising the Borr Norve drilling rig from the SE Etame platform.
The company has also commenced drilling activities under the Baobab Phase 5 campaign offshore Côte d’Ivoire
At the SE Etame field in Gabon, the ETSEM-3H well was drilled and completed in an attic location, targeting 300 metres of net pay in high-quality Gamba reservoir sands along its lateral wellbore. The well achieved a stabilised initial production rate of approximately 2,000 gross barrels of oil per day (BOPD), equivalent to 1,140 BOPD net to VAALCO.
With ETSEM-3H completed, the Phase 3 drilling programme has concluded, and the Borr Norve rig has been removed from the field.
Offshore Côte d’Ivoire, work has begun on the Baobab Phase 5 drilling programme, with the operator batch-setting the top-hole sections of the planned wells. Once the top-hole sections have been drilled across the programme, the wells will be completed and brought into production sequentially.
The campaign comprises four production wells, three water-injection wells and two workovers. VAALCO expects the first new producer to come online towards the end of 2026, with the programme anticipated to support significant production growth in 2027.
George Maxwell, VAALCO’s Chief Executive Officer, commented, “We are pleased with the results of the ETSEM-3H development well, which was landed in an attic location within the SE Etame field, and is now on production at about 2,000 gross BOPD (1,140 BOPD net to Vaalco). This represents the final well in our successful Phase 3 drilling campaign, and the drilling rig has now been demobilized from the field. In Côte d’Ivoire, following the successful re-start of the Baobab field during the second quarter, we have now commenced the Phase 5 drilling campaign with batch-setting the top-hole sections of the new wells. The current plan for the Phase 5 drilling campaign consists of four producers, three water injectors and two workovers. We expect to have the first new producer online near the end of the year, with meaningful production increases expected in 2027. Our continued success and organic project pipeline support Vaalco’s strategic focus on growing production, reserves and value for our shareholders.”
