Commitments and Contingencies - Additional Information (Detail) (USD $)
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0 Months Ended |
12 Months Ended |
3 Months Ended |
1 Months Ended |
3 Months Ended |
48 Months Ended |
Oct. 31, 2014
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Jul. 31, 2014
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Dec. 31, 2014
Rigs
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Dec. 31, 2013
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Dec. 31, 2012
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Mar. 31, 2015
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Mar. 31, 2014
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Dec. 31, 2010
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Nov. 30, 2006
Well
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Jan. 31, 2007
sqkm
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Dec. 31, 2008
sqkm
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Nov. 01, 2010
sqkm
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Commitments And Contingencies [Line Items] |
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Period of Charter |
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2 years
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Company s share of the charter payment |
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28.10%egy_PercentageOfShareInCharterPayment
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Liabilities, guarantees' fair value |
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$ 1,000,000egy_GuaranteeObligationsCurrentFairValue
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$ 1,100,000egy_GuaranteeObligationsCurrentFairValue
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Charter fee for production up to 20,000 BOPD |
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0.93egy_CharterFeePerBarrelForProductionLevelOne
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0.25egy_CharterFeePerBarrelForProductionLevelOne
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Charter fee for those bbls produced in excess of 20,000 BOPD |
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2.50egy_CharterFeePerBarrelForProductionLevelTwo
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Company's share of charter expense |
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11,800,000egy_CharterExpenses
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10,400,000egy_CharterExpenses
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9,700,000egy_CharterExpenses
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Number of drilling rigs contracts |
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2egy_NumberOfDrillingRigsContracts
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Drilling rig commitment period |
2016-07
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Drilling rig cost day rate |
168,000egy_DrillingRigDailyRate
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338,000egy_DrillingRigDailyRate
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25,800,000egy_DrillingRigDailyRate
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Second drilling rig contract expected well drilling period |
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The second drilling rig contract was signed in July 2014 for a semi-submersible rig to drill the exploration well on the Kindele prospect, a post-salt objective. The well began drilling in the first quarter of 2015. The drilling rig provides a forty-five day commitment at a day rate of approximately $338,000. The total commitment related to this rig is $15.2 million
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Second drilling rig contract commitment period |
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45 days
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Rent expense, operating leases |
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4,000,000us-gaap_LeaseOperatingExpense
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4,100,000us-gaap_LeaseOperatingExpense
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4,400,000us-gaap_LeaseOperatingExpense
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Scenario, Forecast |
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Commitments And Contingencies [Line Items] |
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Drilling rig cost day rate |
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15,200,000egy_DrillingRigDailyRate / us-gaap_StatementScenarioAxis = us-gaap_ScenarioForecastMember
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Subsequent Exploration Phase |
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Commitments And Contingencies [Line Items] |
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Number of exploration wells |
4egy_NumberOfExplorationWellsOnProject / us-gaap_StatementScenarioAxis = egy_SubsequentExplorationPhaseMember
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Recorded restricted cash |
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20,000,000us-gaap_RestrictedCashAndCashEquivalents / us-gaap_StatementScenarioAxis = egy_SubsequentExplorationPhaseMember
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Subsequent Exploration Phase | Well One |
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Commitments And Contingencies [Line Items] |
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Total assessment of the exploration |
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10,000,000egy_AssessmentOfExplorationOfProject / us-gaap_OilAndGasDeliveryCommitmentsAndContractsAxis = egy_WellOneMember / us-gaap_StatementScenarioAxis = egy_SubsequentExplorationPhaseMember
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Assessment net to VAALCO |
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5,000,000egy_AssessmentOfExplorationNet / us-gaap_OilAndGasDeliveryCommitmentsAndContractsAxis = egy_WellOneMember / us-gaap_StatementScenarioAxis = egy_SubsequentExplorationPhaseMember
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Subsequent Exploration Phase | Well Two |
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Commitments And Contingencies [Line Items] |
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Total assessment of the exploration |
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10,000,000egy_AssessmentOfExplorationOfProject / us-gaap_OilAndGasDeliveryCommitmentsAndContractsAxis = egy_WellTwoMember / us-gaap_StatementScenarioAxis = egy_SubsequentExplorationPhaseMember
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Assessment net to VAALCO |
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5,000,000egy_AssessmentOfExplorationNet / us-gaap_OilAndGasDeliveryCommitmentsAndContractsAxis = egy_WellTwoMember / us-gaap_StatementScenarioAxis = egy_SubsequentExplorationPhaseMember
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Subsequent Exploration Phase | Well Three |
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Commitments And Contingencies [Line Items] |
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Total assessment of the exploration |
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10,000,000egy_AssessmentOfExplorationOfProject / us-gaap_OilAndGasDeliveryCommitmentsAndContractsAxis = egy_WellThreeMember / us-gaap_StatementScenarioAxis = egy_SubsequentExplorationPhaseMember
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Assessment net to VAALCO |
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5,000,000egy_AssessmentOfExplorationNet / us-gaap_OilAndGasDeliveryCommitmentsAndContractsAxis = egy_WellThreeMember / us-gaap_StatementScenarioAxis = egy_SubsequentExplorationPhaseMember
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Subsequent Exploration Phase | Well Four |
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Commitments And Contingencies [Line Items] |
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Total assessment of the exploration |
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10,000,000egy_AssessmentOfExplorationOfProject / us-gaap_OilAndGasDeliveryCommitmentsAndContractsAxis = egy_WellFourMember / us-gaap_StatementScenarioAxis = egy_SubsequentExplorationPhaseMember
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Assessment net to VAALCO |
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5,000,000egy_AssessmentOfExplorationNet / us-gaap_OilAndGasDeliveryCommitmentsAndContractsAxis = egy_WellFourMember / us-gaap_StatementScenarioAxis = egy_SubsequentExplorationPhaseMember
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Gabon |
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Commitments And Contingencies [Line Items] |
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Discount |
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25.00%egy_DiscountOnMarketPrice / us-gaap_StatementGeographicalAxis = country_GA
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Contractual Obligation Company Share |
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3,300,000egy_PaymentsOfContractualObligation / us-gaap_StatementGeographicalAxis = country_GA
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3,000,000egy_PaymentsOfContractualObligation / us-gaap_StatementGeographicalAxis = country_GA
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3,700,000egy_PaymentsOfContractualObligation / us-gaap_StatementGeographicalAxis = country_GA
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Contractual Obligation accrued amount |
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2,700,000egy_AccruedContractualObligation / us-gaap_StatementGeographicalAxis = country_GA
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Offshore Gabon |
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Commitments And Contingencies [Line Items] |
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Annual funding related to production license, term |
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7 years
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Percentage of annual funding over seven years |
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12.14%egy_PercentageOfAnnualFundingOverSevenYears / us-gaap_StatementGeographicalAxis = egy_OffshoreGabonMember
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Percentage of annual funding over last three years |
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5.00%egy_PercentageOfAnnualFundingOverLastThreeYears / us-gaap_StatementGeographicalAxis = egy_OffshoreGabonMember
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Cash funding arrangement for abandonment of the offshore wells, platforms and facilities |
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8,400,000egy_EnvironmentalExitCostsAnticipatedCostGross / us-gaap_StatementGeographicalAxis = egy_OffshoreGabonMember
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Cash funding arrangement for abandonment of the offshore wells, platforms and facilities net |
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2,300,000us-gaap_EnvironmentalExitCostsAnticipatedCost / us-gaap_StatementGeographicalAxis = egy_OffshoreGabonMember
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Abandonment cost related to annual funding |
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10,100,000egy_AbandonmentCostRelatedToAnnualFunding / us-gaap_StatementGeographicalAxis = egy_OffshoreGabonMember
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Offshore Gabon | Scenario, Forecast |
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Commitments And Contingencies [Line Items] |
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Cash funding arrangement for abandonment of the offshore wells, platforms and facilities |
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4,200,000egy_EnvironmentalExitCostsAnticipatedCostGross / us-gaap_StatementGeographicalAxis = egy_OffshoreGabonMember / us-gaap_StatementScenarioAxis = us-gaap_ScenarioForecastMember
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Cash funding arrangement for abandonment of the offshore wells, platforms and facilities net |
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1,200,000us-gaap_EnvironmentalExitCostsAnticipatedCost / us-gaap_StatementGeographicalAxis = egy_OffshoreGabonMember / us-gaap_StatementScenarioAxis = us-gaap_ScenarioForecastMember
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Angola |
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Commitments And Contingencies [Line Items] |
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Number of exploration wells |
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2egy_NumberOfExplorationWellsOnProject / us-gaap_StatementGeographicalAxis = country_AO
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Cost related to drilling |
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29,500,000egy_CostRelatedToDrilling / us-gaap_StatementGeographicalAxis = country_AO
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Area under acquire property exploration rights agreement term |
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1,400,000egy_AreaUnderPropertyExplorationRights / us-gaap_StatementGeographicalAxis = country_AO
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Joint operation agreement related to third party in working interest percentage |
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40.00%egy_AcquisitionOfWorkingInterestInBlock / us-gaap_StatementGeographicalAxis = country_AO
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Additional joint operation agreement related to third party in working interest percentage |
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10.00%egy_AdditionalJointOperationAgreementRelatedToThirdPartyInWorkingInterestPercentage / us-gaap_StatementGeographicalAxis = country_AO
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Production license agreement term |
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4 years
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Production license agreement term extended by government |
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3 years
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Drilling cost to company |
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14,800,000egy_DrillingCostToCompany / us-gaap_StatementGeographicalAxis = country_AO
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Extended drilling period |
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1 year
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Percentage of working interest for amounts owned |
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40.00%egy_PercentageOfWorkingInterestForAmountsOwned / us-gaap_StatementGeographicalAxis = country_AO
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Exploration activities new expiry date |
Nov. 30, 2017
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Number of additional exploration wells due to exploration period extension |
2egy_NumberOfAdditionalExplorationWells / us-gaap_StatementGeographicalAxis = country_AO
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Recorded restricted cash |
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20,000,000us-gaap_RestrictedCashAndCashEquivalents / us-gaap_StatementGeographicalAxis = country_AO
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Number of well satisfying well obligation |
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1egy_NumberOfWellSatisfyingWellObligation / us-gaap_StatementGeographicalAxis = country_AO
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Decrease in restricted cash |
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5,000,000us-gaap_DecreaseInRestrictedCash / us-gaap_StatementGeographicalAxis = country_AO
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Angola | Seismic Obligation |
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Commitments And Contingencies [Line Items] |
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Length of acquired property |
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1,175egy_ReprocessArea / us-gaap_OilAndGasDeliveryCommitmentsAndContractsAxis = egy_SeismicObligationMember / us-gaap_StatementGeographicalAxis = country_AO
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524egy_ReprocessArea / us-gaap_OilAndGasDeliveryCommitmentsAndContractsAxis = egy_SeismicObligationMember / us-gaap_StatementGeographicalAxis = country_AO
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1,000egy_ReprocessArea / us-gaap_OilAndGasDeliveryCommitmentsAndContractsAxis = egy_SeismicObligationMember / us-gaap_StatementGeographicalAxis = country_AO
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Seismic obligation cost to company |
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3,750,000egy_SeismicObligationCostToCompany / us-gaap_OilAndGasDeliveryCommitmentsAndContractsAxis = egy_SeismicObligationMember / us-gaap_StatementGeographicalAxis = country_AO
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3,000,000egy_SeismicObligationCostToCompany / us-gaap_OilAndGasDeliveryCommitmentsAndContractsAxis = egy_SeismicObligationMember / us-gaap_StatementGeographicalAxis = country_AO
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Cost related to seismic obligation, gross |
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7,500,000egy_CostRelatedToSeismicObligationGross / us-gaap_OilAndGasDeliveryCommitmentsAndContractsAxis = egy_SeismicObligationMember / us-gaap_StatementGeographicalAxis = country_AO
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6,000,000egy_CostRelatedToSeismicObligationGross / us-gaap_OilAndGasDeliveryCommitmentsAndContractsAxis = egy_SeismicObligationMember / us-gaap_StatementGeographicalAxis = country_AO
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Angola | Subsequent Exploration Phase | Two New Commitments |
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Commitments And Contingencies [Line Items] |
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Recorded restricted cash |
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$ 10,000,000us-gaap_RestrictedCashAndCashEquivalents / us-gaap_OilAndGasDeliveryCommitmentsAndContractsAxis = egy_TwoNewCommitmentsMember / us-gaap_StatementGeographicalAxis = country_AO / us-gaap_StatementScenarioAxis = egy_SubsequentExplorationPhaseMember
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