The new FPSO at Etame
Vaalco eyes more African growth
The independent plans further Africa-focused expansion and shrugs off the recent coup in Gabon
"We are starting to see some of the significant synergy and operational efficiency benefits from the acquisition [of Calgary-based Transglobe] now coming through," said Vaalco CEO George Maxwell. The Houston-headquartered independent’s portfolio includes assets in Gabon, Equatorial Guinea, Egypt and Canada. The efficiency gains and cost savings were particularly notable in the company’s Egyptian and Canadian operations, where the 2023 drilling campaigns were completed well before the end of the year and below capex budget. The firm’s processing structure in Egypt was reconfigured and debottlenecked, while in Canada Vaalco adopted a strategy to acquire more land around the project to carry ou
Also in this section
24 December 2025
As activity in the US Gulf has stagnated at a lower level, the government is taking steps to encourage fresh exploration and bolster field development work
23 December 2025
The new government has brought stability and security to the country, with the door now open to international investment
23 December 2025
A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028
22 December 2025
Weakening climate resolve in the developed world and rapidly growing demand in developing countries means peak oil is still a long way away
