West Africa – Oil & Gas 360

Exclusive: VAALCO Energy at EnerCom Denver-The Energy Investment Conference 2024

August 30, 2024

Oil and Gas 360 Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition and Emerging Technologies Series presenter replays for a limited time. VAALCO Energy, Inc. is a Houston, Texas-based independent energy company principally engaged in the acquisition, development, and production of crude oil. VAALCO’s strategy is to increase reserves and production through the

Halliburton Lands Nine Contracts for Offshore Project in West Africa

August 12, 2019

From The Houston Chronicle Houston oilfield service company Halliburton has landed nine contracts to drill and complete a series of wells off the coast in West Africa. Australian exploration and production company Woodside Energy awarded the contracts to Halliburton as part of the first phase of developing the SNE Field off the coast of Senegal. Financial terms have not been

VAALCO Energy, Inc. (EGY) Q3 Financial Results

November 14, 2017

Q3 highlights Reported loss from continuing operations of $0.1 million or $0.00 loss per diluted share Generated operating income of $3.7 million Produced an average of 3,707 barrels of oil per day (BOPD) Production from the South Tchibala 1-HB was restored at a rate of 1,100 BOPD gross (300 BOPD net) Current production has increased to approximately 15,300 BOPD gross

VAALCO Energy Beats Production Guidance, Set to Wind Down Capex

November 11, 2015

Raises Production Guidance for 2015 VAALCO Energy (ticker: EGY) reported average production volumes of 4,800 BOEPD in its Q3’15 results on November 9, 2015, marking a sequential increase of 6% from the prior quarter. The volumes surpassed the high end of guidance (4,700 BOEPD) and prompted EGY management to raise estimated 2015 averages to 4,400 to 4,700 BOEPD, up from

VAALCO Energy Gears Up for Second Well Offshore Gabon

October 12, 2015

First Well Continues to Produce 3,000 BOEPD VAALCO Energy (ticker: EGY), a Houston-based exploration and production company with operations focused in West Africa, has commenced drilling the second well in its North Tchibala field project. The first well, the North Tchibala 1-H, was brought online in mid-September and continues to produce approximately 3,000 BOEPD (750 BOEPD net to EGY) without

VAALCO Energy Reports First Production from SEENT Platform Offshore Gabon

July 20, 2015

VAALCO Energy (ticker: EGY), a Houston-based exploration and production company with operations in West Africa, has commenced production from its Southeast Etame/North Tchibala (SEENT) platform offshore Gabon. The Southeast Etame 2-H well returned 3,400 BOPD and is not producing any formation water or hydrogen sulfide – qualities that had existed in some previously drilled wells. VAALCO is the operator of

Steve Guidry, CEO of VAALCO Energy, Talks Strategy and Opportunity with OAG360

April 8, 2015

VAALCO Energy, Inc. is a Houston based independent energy company principally engaged in the acquisition, exploration, development and production of crude oil. VAALCO places high emphasis on international opportunities and holds acreage in Gabon, Angola and Equatorial Guinea in West Africa. A total of 2,487,000 gross acres (902,000 net) are in EGY’s portfolio, with the majority (roughly 89%) located offshore.

Kosmos Energy Bucks the Capex Cut Trend

February 23, 2015

Kosmos Energy (ticker: KOS), an oil and gas E&P company headquartered in Bermuda, announced a 2015 capital budget of $800 million in its Q4’14 results on February 23, 2015. The planned expenditures represents an increase of 52% compared to its 2014 budget, and is a result of “An increase in activity,” said the company release. An estimated $300 million, or

VAALCO Energy: First Production from New Offshore Pads Expected by Year-End 2014

November 12, 2014

VAALCO Energy, Inc. (ticker: EGY) reported net income of $3.1 million ($0.05 per diluted share) in its Q3’14 earnings release, but the company is already anticipating results for the fourth quarter. The independent energy company based in Houston, Texas, is escalating its operations across the Atlantic Ocean in West Africa and expects near-term catalysts to be reflected on its year-end

VAALCO Energy: An Introduction to this West Africa Oil Producer

May 19, 2014

VAALCO Energy, Inc. is a Houston based independent energy company principally engaged in the acquisition, exploration, development and production of crude oil. VAALCO places high emphasis on international opportunities and holds acreage in Gabon, Angola and Equatorial Guinea in West Africa. A total of 2,500,000 gross acres (884,000 net) are in EGY’s portfolio, with the majority (roughly 89%) located offshore.

ERHC Energy Exploring in the Right Neighborhood; Adjacent to Recent Ekales-1 Well Discovery

October 7, 2013

ERHC Energy Inc. (ticker: ERHE) is a publicly traded American company with oil and gas assets in Sub-Saharan Africa. Over the last two years, ERHC has acquired exploration blocks in Chad and Kenya to complement its existing offshore blocks in the Joint Development Zone offshore São Tome and Principé. In a recent update, ERHC reported preparations were still underway for

Afren Makes Discovery Offshore Nigeria – Prospective Resources Exceed Expectations

June 27, 2013

Afren Plc (ticker: AFR) and Lekoil (ticker: LEK) jointly announced a major discovery of significant light oil accumulation at the Ogo-1 well located on the OPL 310 license offshore Nigeria. Today’s discovery confirms the extension of the same Cretaceous sandstones that have shown-way for other significant discoveries along the West African Transform Margin. Well Details The Ogo-1 well was drilled

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