Vaalco Energy secures operatorship in Cote d’Ivoire’s Kossipo field

US-based Vaalco Energy has secured a 60% operational involvement successful the offshore Kossipo tract successful Cote d'Ivoire, with PetroCI retaining the remaining 40% interest.

The Kossipo field, discovered successful 2002 and appraised successful 2019, is situated connected the CI-40 block.

Vaalco expects to finalise a tract improvement program (FDP) successful the second fractional of this twelvemonth (H2 2026).

Recent advancements see utilising caller water bottommost node seismic information to refine improvement strategies and measure the field's resources.

The Kossipo field's estimated gross 2C resources are astir 102 cardinal barrels of lipid equivalent (mboe), with astir 293 cardinal barrels of lipid successful spot south-west of the Baobab field.

Testing successful 2019 showed much than 7,000 barrels of lipid per time (bopd) from the Kossipo-2A well.

The Baobab Ivorien floating accumulation retention and offloading vas is presently positioned disconnected the eastbound seashore of Africa and is acceptable to instrumentality to offshore Cote d'Ivoire by precocious March 2026.

In conjunction with its operations successful Cote d'Ivoire, Vaalco has besides reported developments from its activities successful Gabon.

The institution has drilled, completed and brought into accumulation the Etame 15H-ST improvement good successful the 1V artifact of the Etame field.

The good features a lateral conception with 250m of nett wage wrong Gamba sands adjacent the apical of the reservoir. It has achieved a stabilised travel complaint of astir 2,000bopd, with a 38% h2o cut, utilizing a 42/64 choke and an electrical submersible pump operating astatine 54Hz.

This show aligns with projections from the ET-15P aviator good results.

Additionally, the spudding of an exploration good connected the West Etame imaginable occurred successful mid-February, with expectations to scope people zones by mid-March.

Results from this exploration could importantly heighten accumulation and reserves by the extremity of 2026.

Vaalco CEO George Maxwell said: “We person begun 2026 with immoderate precise meaningful events that are positioning Vaalco to present expected 225% integrated accumulation maturation by 2030. We person been confirmed arsenic the relation with a 60% moving involvement successful the Kossipo field, a find with an estimated 293mboe successful spot located south-west from our highly productive Baobab tract connected the CI-40 Block.

“We are actively moving with our spouse PetroCI to taxable an FDP successful the 2nd fractional of 2026 that we judge volition assistance Vaalco turn its accumulation successful Cote d’Ivoire. We are besides pleased with the encouraging commencement of the Gabon drilling campaign, the ET-15H-ST, which stabilised astatine astir 2,000bopd.”

In March 2025, Vaalco secured a 70% involvement successful the CI-705 artifact wrong the Tano basin offshore Côte d’Ivoire.