VAALCO Energy, Inc. Provides Production and Sales Guidance for the Second Quarter and Full Year of 2024
May 07, 2024 at 04:45 pm EDT
Share
VAALCO Energy, Inc. provided production and sales guidance for the second quarter and full year of 2024. For the second quarter, the company expects WI production to be 23,800 BOEPD to 27,000 BOEPD and NRI production to be 19,000 BOEPD to 21,800 BOEPD.
For the full year, the company expects WI production to be 23,600 BOEPD to 26,500 BOEPD and NRI production to be 18,900 BOEPD to 21,400 BOEPD.
For the second quarter, the company expects WI Sales Volume to be 22,800 BOEPD to 25,400 BOEPD and NRI Sales Volume to be 18,100 BOEPD to 20,000 BOEPD.
For the full year, the company expects WI Sales Volume to be 24,300 BOEPD to 27,200 BOEPD and NRI Sales Volume to be 19,00 BOEPD to 21,800 BOEPD.
VAALCO Energy, Inc. is an independent energy company with a diverse portfolio of production, development and exploration assets across Gabon, Egypt, Cote dâIvoire, Equatorial Guinea, and Canada. It is engaged in the acquisition, exploration, development and production of crude oil, natural gas and natural gas liquids. It owns a working interest in, and is the operator of, the Etame PSC related to the Etame Marin block located offshore Gabon in West Africa. The Etame Marin block covers an area of about 46,200 gross acres located 20 miles offshore in water depths of about 250 feet. It owns an interest in an undeveloped block offshore Equatorial Guinea, West Africa. In Egypt, its interests are spread across two regions: the Eastern Desert and the Western Desert. In Harmattan, Canada, it owns production and working interests in Cardium light oil and Mannville liquids-rich gas assets. It also owns a working interest in the Baobab field in Block CI-40, offshore Cote dâIvoire in West Africa.