About Us

Fueling an Energized Future

Vaalco is a leading independent exploration and production energy company committed to sustainable development and operational excellence. We have a strong focus on innovation and responsible resource management. We are dedicated to delivering reliable energy solutions across Côte d'Ivoire, Egypt, Equatorial Guinea, Gabon, and Canada – and supporting a responsible transition that balances environmental factors of our activities with the socioeconomic impact in our countries of operation.

From Vision to Action: Living Our Values

Our Vision

We aim to deliver sustainable value creation by maximizing our reserves and production performance across our portfolio. We deliver growth by leveraging our commercial and technical expertise, operational infrastructure and capital discipline.

Our Values

  • Focus on Health, Safety, Security and Environment (HSSE)
  • Honesty, Integrity and Transparency
  • Treating People Fairly
  • High Performance
  • Efficient and Effective Processes
  • Open Communication
  • Strong Governance
  • Respect for our Local Communities

Vaalco at a Glance

189

Employees

5

Areas of Operation

23,946 BOEPD

Working Interest Production

As of Dec. 31, 2023 • 2023 Annual Report

BOEPD - Barrels Of Oil Equivalent Per Day

Driving Strategies that Empower Growth

Our growth will come from a mixture of organic and inorganic opportunities. Our strategy is to utilize our technical expertise and operational infrastructure to develop our resources in our producing assets in Côte d'Ivoire, Egypt, Gabon, and Canada. Additionally, we are assessing our resource potential and development options in Equatorial Guinea to expand into a new development opportunity. Our strategic and financial objectives, underpinned by capital discipline and a strong balance sheet that allows for value accretive M&A and shareholder returns, support our ambition to deliver long-term, sustainable stakeholder value.

Strategic Pillars

  • Demonstrate operational excellence and environmental stewardship.
  • Optimize production across the portfolio.
  • Capital discipline to maximize cash flow, reduce costs and enhance margins.
  • Maintain a strong balance sheet.
  • Employ rigorous risk management strategies.
  • Actively pursue organic and inorganic growth.
  • Deliver meaningful and sustainable shareholder returns.
  • Seek strong alignment with our core stakeholders.
  • Maintain a diversified and well-balanced business.
  • Leverage technical and commercial expertise and global network.

Expanding Horizons: Our Global Operations

We own a diverse portfolio of assets in production, development, and exploration spanning Côte d'Ivoire, Egypt, Equatorial Guinea, Gabon, and Canada. Our operational growth strategy centers on increasing reserves and production through sustainable development and exploitation of international oil and natural gas properties, with a primary focus on Africa.

Learn More About Our Operations

Learn More About Our Contractors, Suppliers and Vendors

Year Over Year Production

Net Proved Reserves

(in millions of BOE)

Year Amount
2020 3200000
2021 11200000
2022 27900000
2023 28600000

As of Dec. 31, 2023 • 2023 Annual Report

MMBOE - Millions Of Barrels Of Oil Equivalent

Working Interest Production

(in barrels of oil equivalent)

Year Amount
2020 5579
2021 8734
2022 12177
2023 23946

As of Dec. 31, 2023 • 2023 Annual Report

MMBOE - Millions Of Barrels Of Oil Equivalent

For complete information regarding our financials, see our periodic filings.

Sustainable Practices to Create a More Sustainable Future

Our team is dedicated to a sustainable future through a comprehensive approach that includes transparency and responsible growth. We prioritize operational efficiency, invest in emission reduction initiatives, and implement carbon offset strategies. By recognizing our role in the energy sector, we are committed to environmental responsibility, striving to achieve net-zero goals while maintaining operational excellence.

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A Rich History of Impact

A Rich Heritage with a Forward Thinking Mentality

Founded in 1985, we have a reputable history as a leading independent energy company engaged in the acquisition, exploration, development and production of crude oil and natural gas. Over the decades, our milestones have continued to allow for sustainable growth and operational excellence on a global scale.

Learn More About Our History

The Training Ground for your Development

Our dynamic and entrepreneurial work environment creates a space for you to thrive and we provide opportunities for you to succeed, grow and evolve with us.

Learn More About Our Careers

Leading the Way to Success

Our Leadership Consists of the Industry's Best

Our team is united by a shared commitment and passion for excellence. Our dynamic group of leaders is driven by the common goal to deliver value to shareholders, stakeholders, and the communities in which we operate.

Meet Our Leadership Team Meet Our Board