Environmental

Reducing Our Environmental Footprint

We continuously seek ways to minimize our environmental impact through operational improvements across all countries in which we operate. We understand the critical importance of sustainability and the need to balance our energy production activities with environmental stewardship.

View Our Sustainability Report

Climate Change

We understand that climate change presents both risks and opportunities for our business and industry. We see an opportunity to decarbonize our operations, reduce operating costs, and produce oil and gas more sustainably.

  • Decarbonization Working Group managing carbon emissions reduction projects across the Group
  • Exploring opportunities to reduce emissions through electrification of infrastructure 
  • Report to the Task Force on Climate-related Financial Disclosures (TCFD)

Resource Management

Efficient resource management is at the core of our operations. We prioritize sustainable practices and innovative approaches to maximize the value of our assets.

Effort Highlights

  • Responsible resource use, minimizing use where possible
  • Monitor all produced water
  • Ensure proper disposal of all waste

Canada

<p>We engage a third-party service to track our water usage, and this data is subsequently reported to the relevant regulatory body. Waste is collected as mandated and disposed of at licensed and regulated disposal sites.</p>

Egypt

<p>We only draw fresh water for potable use and sparingly for well treatment. We closely monitor our produced water management cycle, and all produced water is reinjected into reservoirs for pressure maintenance or disposal in line with our permits. Our waste disposal procedures strictly adhere to Egyptian regulations.</p>

Gabon

<p>Our operations generate produced water and this is strictly managed and responsibly disposed of to minimize the environmental impact of our operations. All waste sent from site is segregated, packaged in enclosed containers, and appropriately labeled on the waste transfer note, in compliance with Gabonese Port Authority requirements.</p>

Biodiversity

We prioritize biodiversity conservation and acknowledge our duty to safeguard the unique ecosystems surrounding our operations.

Effort Highlights

  • Respect the environments we operate in
  • Consider environmental impact in planning new projects

Canada

<p>Our operating entities follow the environmental regulations specific to their operating jurisdictions to ensure compliance. When decommissioning in line with our asset retirement obligations (AROs), this includes remediating the land to its previous state.</p>

Egypt

<p>Every well pad has undergone an Environmental Impact Assessment (EIA), with approval obtained from the Egyptian General Petroleum Corporation (EGPC) for each assessment. We have a recovery program for all our drilling pits, and once they reach the end of their life, we follow a procedure of rehabilitation to return the environment to its previous state.</p>

Gabon

<p>With offshore operations, we have a responsibility to ensure that our activities do not negatively impact marine wildlife. We place great emphasis on understanding the species present in the areas surrounding our operations and their migratory patterns.</p>

Oil Spill Response

Our emergency management team coordinates responses to oil or hazardous material (HAZMAT) spills originating from off-shore and shore-side facilities or assets. Employees who observe or discover a spill from our operating locations will:

  1. Ensure the safety of all personnel. Anyone who observes the spill should act carefully, cautiously and reasonably.
  2. Notify the facility person in charge (PIC) and/or control room operator immediately.
  3. Qualified personnel should take actions that may include, but are not limited to:
    • Shutting in the well(s) and/or vessel(s)
    • Closing the surface and/or subsurface (automatic or manual) safety device(s)
    • Actuating emergency shutdown (ESD) device(s)
    • Actuating blowout prevention (BOP) assembly and well control system(s)

Vaalco Energy 2024 ESG Report

<p>This 2024 Sustainability Report is our report on our ESG strategy, aspirations, key milestones, and results to date.</p> View Our Sustainability Report