Egypt

About Egypt Operations

At Vaalco, our interest in Egypt spans two regions: the Eastern Desert, encompassing the West Gharib, West Bakr, and North West Gharib merged concessions, and the Western Desert, which includes the South Ghazalat concession.

Operational Highlight

Vaalco focused on enhancing production in the first nine months of 2024 through a series of planned workovers, as well as through interventions using the OGS-10 rig. Vaalco finalized the K-81 recompletion at the start of the first quarter which was a carry-over from its 2023 drilling activity. The EA-55 well, drilled in October 2023, was fracked and put online in January 2024. Three additional workover recompletions were completed in the third quarter of 2024 with one more in progress. With the low cost of workovers, the well economics are strongly positive.

Where We Operate

Map of Eygpt operations that highlights various developments. Map focuses in on each operation site including NMG-38, East Arta, Arta, Hoshia, H Fields, M, K Field, Hana/Hana West. Map shows specific gas fields, pipelines, leases, facilities, and roads.

Details of Our Operations

Location

45,067

Acres in the Eastern Desert

7,340

Acres in the Western Desert

Production*

11,111

Mbopd (WI)

Vertical Wells Drilled

Horizontal Well Drilled

Reserves and Resources**

10.6

MMBbls SEC Net 1P

24.5

MMBbls 2P Working Interest***

27.5

MMBbls WI Contingent Resource 2C***

2023 Full Year Actuals

Year-end 2023

Such amounts may differ from the SEC definitions. Please read disclaimer tab on this site.
Mbopd – Thousand Barrels of Oil a Day

MMBbls – Million Barrels

Looking Forward to Advancing Operations

Further Development Drilling

Contracted a rig and will commence at least two wells this year, with the potential to continue with additional 10 to 13 wells in 2025.

Our Contractors, Suppliers, and Vendors

We are committed to fostering strong partnerships with contractors, suppliers, and vendors who share our dedication to excellence and innovation. Whether you provide services, materials or expertise, or if you have questions, we encourage you to get in touch.

View Our Contractors, Suppliers and Vendors

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Our dynamic and entrepreneurial work environment embodies a proactive mentality, and we provide opportunities for you to succeed, grow, and evolve alongside us.

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