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Vaalco Gabon Offshore Oilfield Development Facility

Sector: Residential • Location: Gabon

Source: International Finance Corporation (IFC)

Project
Completed

VAALCO Gabon (Etame), Inc (VAALCO Gabon or the company), an existing IFC client, has successfully completed its first phase of development of the Etame field in offshore Gabon. The Project relates to the next phase of the company’s oil development and exploration/appraisal programs in the Etame Block. These currently include the second phase of the Etame field development; new development of the A

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The project “Vaalco Gabon Offshore Oilfield Development Facility” is an infrastructure initiative in the Residential sector, located in Gabon. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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completed

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Description

Description

VAALCO Gabon (Etame), Inc (VAALCO Gabon or the company), an existing IFC client, has successfully completed its first phase of development of the Etame field in offshore Gabon. The Project relates to the next phase of the company’s oil development and exploration/appraisal programs in the Etame Block. These currently include the second phase of the Etame field development; new development of the Avouma and South Tchibala field discoveries and potentially the Ebouri field in the same block; conducting 3D seismic surveys and drilling additional exploration wells. The programs will help sustain oil production from the concession as well as maintain exploration investments that can potentially identify additional reserves. VAALCO holds a 28% production interest and is the operator of the Etame Block.

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Source reliability

High

Data quality score

100%

Source

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URL

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