About VAALCO Energy
VAALCO Energy, Inc. is a Houston, Texas-based independent energy company principally engaged in the acquisition, development, and production of crude oil. VAALCO’s strategy is to increase reserves and production through the development and exploitation of international oil and natural gas properties. The Company’s properties are located primarily in Gabon and Equatorial Guinea in West Africa.
VAALCO Vision
Sustained growth in shareholder value by first maximizing our reserves and production performance at Etame and then growing by leveraging our in-house talent, operational infrastructure and technical expertise.
VAALCO Energy Corporate Values
- Focus on HSE
- Honesty/Integrity
- Treating People Fairly
- High Performance
- Efficient and Effective Processes
- Open Communication
- Respected in our Local Communities
Our Strategy
Our strategy is to utilize our technical expertise and operational infrastructure, with a focus on developing our Gabon resources, assessing our resource potential in Equatorial Guinea and expanding into new development opportunities in West Africa. Our growth will come from a mixture of organic and inorganic opportunities.
We are committed to driving stockholder value by:
- Operating in a safe and environmentally responsible manner
- Increasing operational efficiency and minimizing costs
- Leveraging our existing infrastructure, technical expertise, and experience as a West Africa operator overseeing production facilities and major projects
- Pursuing development wells and work-overs in the Etame Marin Block
- Acquiring discovered, underdeveloped and low-risk resources in West Africa
- Evaluating value accretive merger and acquisition opportunities
- Enhancing margins and adding value
1985
Founded by Virgil A Walston and Charles Alcorn
1998
Discovered Etame field
2002
First oil from Etame field
2004
Discovered Avouma and Ebouri fields
2007
First oil from Avouma field
2009
First oil from Ebouri field
2011
Discovered Southeast Etame field
2014
Installed Etame and SEENT platforms
2015
Five new wells drilled to increase production to over 20,000 BOPD
2017
Produced 100 millionth barrel of oil
2018
Committed to another twenty year partnership with the Republic of Gabon
2019
Listed on the Main Market of the London Stock Exchange