The contracted jack-up rig, the Sapphire Driller, will then be skidded to the Ebouri 3H slot on the platform and begin the scheduled workover to replace two electrical submersible pumps. The well is expected to be on production by mid-May.
The company’s subsidiary Vaalco Gabon Etame operates and owns a 28.07% net interest in the Etame field. Other field partners are Addax Petroleum Etame (31.36%), Sasol Petroleum Etame (27.75%), Sojitz Etame (2.98%), PetroEnergy Resources (2.34%) and Tullow Oil Gabon (7.5%).
Vaalco is a Houston-based independent energy company engaged in the acquisition, exploration, development and production of crude oil. The company’s properties and exploration acreage are located primarily in Gabon and Angola, West Africa.
