LE BRIEF

Gabon / Côte d’Ivoire: VAALCO advances Etame and Baobab development following its 7 October announcements

LE BRIEF • 2026-10-28

ETSEM-3H recorded an initial stabilised rate of approximately 2,000 gross barrels a day. Baobab Phase 5 includes four producers and three injectors. These developments were announced on 7 October and are covered here as a follow-up.

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LE BRIEF — Wednesday, 28 October 2026 edition By the LE BRIEF newsroom Country : Gabon / Côte d’Ivoire Event : Initial operational announcements on 7 October 2026, recirculated in the 27 October monitoring; follow-up report. Offshore oil installation: supplied illustrative photograph. The pictured vessel is not identified as the Borr Norve drilling rig. VAALCO Energy continues offshore development in Gabon and Côte d’Ivoire. Information recirculated in the 27 October monitoring refers to an initial announcement dated 7 October 2026. It should be read as a follow-up to previously announced progress, not a new production start on 27 October. In Gabon, the company completed drilling and completion of horizontal well ETSEM-3H in the SE Etame field. The well targets Gamba reservoir sands and entered production as part of the third phase of the Gabon drilling programme. Etame: initial flow is not a guaranteed long-term rate The reported initial stabilised rate was approximately 2,000 gross barrels of oil per day, of which about 1,140 barrels a day were attributable to VAALCO on a net basis. This does not guarantee that the same rate will be maintained throughout the well’s life. Completion of the well marked the end of Phase 3. The Borr Norve drilling rig was subsequently demobilised from the field, according to the company. Baobab: a further development phase In Côte d’Ivoire, Bao...