VAALCO has successfully completed the new development well (EAVOM-3H) in the Avouma field. Production from this well commenced at a natural flow rate of approximately 3,000 gross barrels of oil per day (BOPD), rising to 4,000 gross BOPD once the Electrical Submersible Pumps (ESPs) were engaged at the minimum setting. VAALCO will determine the optimal production rate for the well in the coming weeks.

As previously announced, VAALCO is undertaking workovers to replace the ESPs on the EAVOM-2H and ETBSM-1H wells, located on the Avouma platform. The contracted rig, the KCA Deutag "Ben Rinnes," will then be moved onto location to drill an exploration appraisal well to evaluate an untested fault block on the South West flank of the Ebouri field with the Gamba reservoir as the primary objective. The well will also test a secondary objective in the Dentale formation.

Tags: VAALCO Energy