VAALCO completes Gabon Phase 3 drilling; ETSEM-3H well flows about 2,000 gross BOPD
VAALCO reported operational updates for the third quarter of 2026, including completion of its offshore Gabon Phase 3 drilling program and a stabilized initial flow rate of about 2,000 gross barrels of oil per day from the ETSEM-3H well. The Baobab Phase 5 drilling program in Côte d'Ivoire has started, with the first new producer expected online near the end of 2026, and the filing does not include financial results such as revenue or earnings.
Key points
- ETSEM-3H well in the SE Etame field flows about 2,000 gross BOPD, or 1,140 BOPD net to Vaalco
- Phase 3 drilling program is complete and the Borr Norve rig has been demobilized from the field
- Baobab Phase 5 drilling has begun; plan calls for four producers, three water injectors and two workovers
- First new Baobab producer expected online near end of 2026, with meaningful production growth expected in 2027
The filing
Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 07, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.