Commitments and Contingencies - Additional Information (Detail) (USD $)
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0 Months Ended |
3 Months Ended |
12 Months Ended |
0 Months Ended |
1 Months Ended |
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Oct. 31, 2014
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Jul. 31, 2014
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Mar. 31, 2015
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Mar. 31, 2014
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Dec. 31, 2014
Rigs
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Apr. 30, 2014
Well
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Dec. 31, 2010
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Nov. 30, 2006
acre
Well
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Dec. 31, 2013
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Apr. 19, 2015
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Commitments And Contingencies [Line Items] |
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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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$ 7,600,000egy_DrillingRigDailyRate
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$ 25,800,000egy_DrillingRigDailyRate
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Remaining commitment of drilling activity |
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21,200,000us-gaap_PurchaseCommitmentRemainingMinimumAmountCommitted
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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 an exploration well on the Kindele prospect, a post-salt objective on Block 5, offshore Angola. The drilling rig provided a forty-five day commitment at a day rate of approximately $338,000 on a gross basis. The Company’s share of the initial total commitment related to this rig is $7.6 million. The well began drilling in the first quarter of 2015.
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Second drilling rig contract commitment period |
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45 days
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Allowance for accounts with partners |
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7,600,000us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent
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7,600,000us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent
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Recorded restricted cash |
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15,830,000us-gaap_RestrictedCashAndCashEquivalentsNoncurrent
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20,830,000us-gaap_RestrictedCashAndCashEquivalentsNoncurrent
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Exploration expense |
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27,459,000us-gaap_ExplorationExpense
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11,323,000us-gaap_ExplorationExpense
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Dry hole costs and impairment loss on unproved leasehold |
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27,222,000us-gaap_ExplorationAbandonmentAndImpairmentExpense
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10,505,000us-gaap_ExplorationAbandonmentAndImpairmentExpense
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Asset retirement obligations |
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15,290,000us-gaap_AssetRetirementObligationsNoncurrent
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14,846,000us-gaap_AssetRetirementObligationsNoncurrent
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Subsequent Exploration Phase |
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Commitments And Contingencies [Line Items] |
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Number of exploration wells |
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4egy_NumberOfExplorationWellsOnProject / us-gaap_StatementScenarioAxis = egy_SubsequentExplorationPhaseMember
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Well One | Subsequent Exploration Phase |
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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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Well Two | Subsequent Exploration Phase |
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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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Well Three | Subsequent Exploration Phase |
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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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Well Four | Subsequent Exploration Phase |
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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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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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10 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 |
8,400,000egy_EnvironmentalExitCostsAnticipatedCostGross / us-gaap_StatementGeographicalAxis = egy_OffshoreGabonMember
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4,200,000egy_EnvironmentalExitCostsAnticipatedCostGross / us-gaap_StatementGeographicalAxis = egy_OffshoreGabonMember
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Cash funding arrangement for abandonment of the offshore wells, platforms and facilities net |
2,300,000us-gaap_EnvironmentalExitCostsAnticipatedCost / us-gaap_StatementGeographicalAxis = egy_OffshoreGabonMember
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1,200,000us-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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Angola |
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Commitments And Contingencies [Line Items] |
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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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Number of exploration wells |
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2egy_NumberOfExplorationWellsOnProject / us-gaap_StatementGeographicalAxis = country_AO
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Extended drilling period |
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1 year
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Allowance for accounts with partners |
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7,600,000us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent / us-gaap_StatementGeographicalAxis = country_AO
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Uncertainty of collection partners interest |
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7,600,000us-gaap_ContractsReceivableClaimsAndUncertainAmounts / us-gaap_StatementGeographicalAxis = country_AO
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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 |
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2egy_NumberOfAdditionalExplorationWells / us-gaap_StatementGeographicalAxis = country_AO
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Production license agreement term extended by government |
3 years
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Recorded restricted cash |
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15,000,000us-gaap_RestrictedCashAndCashEquivalentsNoncurrent / 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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Exploration expense |
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24,500,000us-gaap_ExplorationExpense / us-gaap_StatementGeographicalAxis = country_AO
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Dry hole costs and impairment loss on unproved leasehold |
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2,700,000us-gaap_ExplorationAbandonmentAndImpairmentExpense / 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 |
600egy_ReprocessArea / us-gaap_OilAndGasDeliveryCommitmentsAndContractsAxis = egy_SeismicObligationMember / us-gaap_StatementGeographicalAxis = country_AO
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Angola | Two New Commitments | Subsequent Exploration Phase |
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Commitments And Contingencies [Line Items] |
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Recorded restricted cash |
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10,000,000us-gaap_RestrictedCashAndCashEquivalentsNoncurrent / us-gaap_OilAndGasDeliveryCommitmentsAndContractsAxis = egy_TwoNewCommitmentsMember / us-gaap_StatementGeographicalAxis = country_AO / us-gaap_StatementScenarioAxis = egy_SubsequentExplorationPhaseMember
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Subsequent Event |
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Commitments And Contingencies [Line Items] |
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Remaining commitment of drilling activity |
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$ 0us-gaap_PurchaseCommitmentRemainingMinimumAmountCommitted / us-gaap_SubsequentEventTypeAxis = us-gaap_SubsequentEventMember
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