9th Nov 2026 10:07
Vaalco Energy PLC - West Africa-focused hydrocarbon exploration company - Completes the first exploration phase at its CI-705 block offshore Ivory Coast. Says it is encouraged by the results, which include evaluations and interpretation of existing seismic and well data. Following government approval, Vaalco begins the second exploration phase, which includes further seismic reprocessing, relinquishment of 25% of the exploration block and a commitment to drill an exploration well by the end of 2028. Exploration activities at CI-705, located offshore in the Ivoirien Basin, begin in March 2025. Chief Executive Officer George Maxwell said: "We are pleased with the results of the first exploration phase and are excited to move into the second exploration phase."
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By Niall Holden, Alliance News reporter
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