The new FPSO at Etame
Vaalco eyes more African growth
The independent plans further Africa-focused expansion and shrugs off the recent coup in Gabon
"We are starting to see some of the significant synergy and operational efficiency benefits from the acquisition [of Calgary-based Transglobe] now coming through," said Vaalco CEO George Maxwell. The Houston-headquartered independent’s portfolio includes assets in Gabon, Equatorial Guinea, Egypt and Canada. The efficiency gains and cost savings were particularly notable in the company’s Egyptian and Canadian operations, where the 2023 drilling campaigns were completed well before the end of the year and below capex budget. The firm’s processing structure in Egypt was reconfigured and debottlenecked, while in Canada Vaalco adopted a strategy to acquire more land around the project to carry ou
Also in this section
12 December 2025
The latest edition of our annual Outlook publication, titled 'The shape of energy to come: Creating unique pathways and managing shifting alliances', is available now
12 December 2025
The federal government is working with Alberta to improve the country’s access to Asian markets and reduce dependence on the US, but there are challenges to their plans
11 December 2025
The removal of the ban on oil and gas exploration and an overhaul of the system sends all the right messages for energy security, affordability and sustainability
10 December 2025
The economic and environmental cost of the seven-year exploration ban will be felt long after its removal
