Thanks to good results, Vaalco proceeds to second exploration phase at block off Côte d'Ivoire

Houston-based Vaalco Energy has completed the first exploration phase at its block offshore Côte d'Ivoire and is now proceeding to the second following good results.

Vaalco farmed into and became the operator of exploration license CI-705 located offshore Côte d'Ivoire in March 2025, holding a 70% working interest.

The U.S. company reported today, November 9, that it had completed the first exploration phase work commitments, which included the evaluation and interpretation of existing seismic and well data.

Thanks to the results from this first phase, Vaalco decided to progress to the second exploration phase, with government approval secured. This phase includes further seismic reprocessing, relinquishing 25% of the exploration block and a commitment to drill an exploration well by the end of 2028.

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