EGY
- VAALCO Energy, Inc.
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Overview
Company Summary
VAALCO Energy, Inc. is an independent energy company focused on the exploration, development, and production of oil and natural gas resources primarily in West Africa. Established in 1984, VAALCO Energy has become a recognized player in the energy industry, with a particular emphasis on offshore operations.
The company mainly operates through its subsidiary, VAALCO Gabon (Etame) Inc., and holds a significant interest in the Etame Marin block offshore Gabon. This block has been a key asset for VAALCO, contributing to its success and growth over the years.
VAALCO Energy primarily engages in the exploration and development of new oil and natural gas prospects. They undertake seismic surveys and drilling activities to identify and assess the potential of these prospects. Once an economically viable discovery is made, the company focuses on developing the field, setting up the necessary infrastructure, and implementing production facilities.
Production operations for VAALCO Energy involve extracting and processing crude oil and natural gas from their offshore fields. They then transport the oil to market via tankers or pipelines. The company also engages in the sale of their produced hydrocarbons to various customers, such as oil traders, refiners, and other energy companies.
Additionally, VAALCO Energy is committed to maintaining high standards of environmental stewardship and safety in its operations. They prioritize responsible exploration and production practices and comply with relevant regulations and guidelines in the countries where they operate.
Overall, VAALCO Energy, Inc. focuses on the exploration, development, and production of oil and natural gas resources in West Africa, particularly with operations in Gabon, providing a vital contribution to the global energy supply.