VAALCO Successfully Completes Two Etame Field Well Workovers
HOUSTON, Nov. 01, 2021 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (VAALCO or the Company) today announced that it has completed the two previously-announced workovers at the Etame field offshore Gabon and added a total of approximately 1,050 gross barrels of crude oil per day (BOPD), (540 net BOPD to VAALCO).
- HOUSTON, Nov. 01, 2021 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (VAALCO or the Company) today announced that it has completed the two previously-announced workovers at the Etame field offshore Gabon and added a total of approximately 1,050 gross barrels of crude oil per day (BOPD), (540 net BOPD to VAALCO).
- George Maxwell, VAALCOs Chief Executive Officer, commented, We are pleased with the results from these workovers, in particular, the 1,050 gross BOPD of additional production.
- We will continue to efficiently operate at Etame which generates strong cash flow to fund our accretive strategic initiatives.
- VAALCO, founded in 1985, is a Houston, USA based, independent energy company with production, development and exploration assets in the West African region.