en.Wedoany.com Reported - Vaalco Energy has resumed production at the Baobab field in Block CI-40 offshore Côte d'Ivoire, following the refurbishment of the Baobab Ivoirien Floating Production Storage and Offloading (FPSO) vessel.
After nine months of refurbishment in Dubai, the FPSO returned to Côte d'Ivoire in early Q2 2026, completed mooring positioning, and was reconnected to the field's infrastructure.
Four production wells have already resumed oil output, with the remaining three production wells expected to come online soon. Field performance is in line with Vaalco's expectations.
The FPSO refurbishment aims to extend its service life and ensure long-term operational capacity following the commencement of the Baobab major development drilling program. This drilling program is expected to start in the second half of 2026. Phase 5 of the drilling program includes four production wells, two to three water injection wells, and two workover operations, which are expected to deliver significant production growth for the main Baobab field.
Vaalco CEO George Maxwell stated that the Baobab field in Block CI-40 offshore Côte d'Ivoire has resumed production on schedule, and the license for Block CI-40 has been extended to 2038. He believes Baobab has significant potential in development drilling. At the beginning of 2024, Vaalco had no assets in Côte d'Ivoire, but has now established a strong position with development and exploration potential. The company is at a critical juncture, with drilling activities in Gabon yielding results and the Baobab field back in production, and believes the remainder of 2026 will have a significant impact. Vaalco remains focused on execution and driving meaningful growth through organic capital programs, which will create value for shareholders in 2026 and beyond.
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