VAALCO Energy, Inc. Provides Consolidated Production and Sales Guidance for the Fourth Quarter and Full Year 2023
November 08, 2023 at 06:21 am EST
Share
VAALCO Energy, Inc. provided consolidated production and sales guidance for the fourth quarter and full year 2023. For the quarter, the company expects production - WI to be in the range of 22,900 BOEPD ? 24,600 BOEPD, production - NRI to be in the range of 17,600 BOEPD ? 19,400 BOEPD, Sales Volume - WI to be in the range of 25,300 BOEPD ? 27,600 BOEPD and sales Volume - NRI to be in the range of 19,800 BOEPD ? 22,000 BOEPD.
For the full year, the company expects production - WI to be in the range of 23,450 BOEPD ? 24,400 BOEPD, production - NRI to be in the range of 18,300 BOEPD ? 18,900 BOEPD, Sales Volume - WI to be in the range of 23,050 BOEPD ? 24,000 BOEPD and sales Volume - NRI to be in the range of 17,900 BOEPD ? 18,500 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.