VAALCO Energy restarts production at Baobab Field

Jonathon Brown

Wed, June 10, 2026 astatine 12:38 PM CDT 4 min read

• VAALCO Energy (NYSE:EGY) has restarted accumulation astatine the Baobab tract offshore Côte d’Ivoire aft completing the FPSO refurbishment

• The vas returned successful aboriginal Q2 2026 pursuing a nine-month upgrade and has been successfully reconnected to tract infrastructure

• Production is presently moving from 4 wells, with further wells expected to travel online soon and show gathering expectations

• A Phase 5 drilling programme planned for the 2nd fractional of 2026 could present meaningful accumulation maturation done caller wells and workovers

VAALCO Energy (NYSE:EGY) announced that accumulation has resumed astatine the Baobab tract connected the CI-40 artifact offshore Côte d’Ivoire, marking the completion of a large refurbishment programme for the Baobab Ivoirien floating accumulation retention and offloading (FPSO) vessel.

The restart represents a cardinal milestone for the company’s West African operations and positions the plus for aboriginal improvement activity.

The FPSO had ceased hydrocarbon operations successful January 2025 arsenic portion of a planned upgrade initiative. The vas subsequently underwent a nine-month refurbishment programme successful Dubai, aimed astatine extending its operational lifespan and enhancing reliability. Following the enactment program, the FPSO returned to Côte d’Ivoire successful aboriginal 2nd 4th 2026, wherever it was successfully moored and reconnected to existing tract infrastructure.

This nonfiction is simply a journalistic sentiment portion that has been written based connected autarkic research. It is intended to pass investors and should not beryllium taken arsenic a proposal oregon fiscal advice.

Production has present resumed from 4 wells astatine the Baobab field. VAALCO indicated that the remaining 3 producing wells are expected to beryllium brought backmost online successful owed course. According to the company, aboriginal show from the restarted wells is successful enactment with interior expectations, suggesting unchangeable reservoir show and operational readiness aft the extended downtime.

The refurbishment of the FPSO is simply a cardinal constituent of VAALCO’s longer-term strategy for the Baobab asset. By upgrading the vessel’s capabilities, the institution aims to enactment a much extended improvement programme and prolong accumulation levels implicit a longer horizon. Management has highlighted that the improvements volition alteration the FPSO to accommodate accrued throughput and operational demands associated with aboriginal drilling campaigns.

Looking ahead, VAALCO plans to initiate a Phase 5 drilling programme astatine the Baobab tract successful the 2nd fractional of 2026. The programme is expected to see 4 caller accumulation wells, 2 to 3 injection wells, and 2 workover operations. These activities are designed to heighten betterment rates and stabilize output from the main Baobab reservoir.