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VAALCO Energy is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Houston, Texas with operations primarily in the Etame Marin block offshore Gabon.
 | |
| Company type | Public company |
|---|---|
| NYSE: EGY Russell Microcap Index component | |
| Industry | Petroleum industry |
| Founded | 1985 |
| Headquarters | Houston, Texas, United States |
Key people | George W.M. Maxwell, CEO Andrew L. Fawthrop, Chairman Ron Bain, CFO |
| Products | Petroleum |
Production output | 2.6 thousand barrels of oil equivalent (16,000 GJ) per day (2021) |
| Revenue |  $199 million (2021) |
| $81 million (2021) | |
| Total assets | $263 million (2021) |
| Total equity | $144 million (2021) |
Number of employees | 117, including 80 in Gabon (2021) |
| Website | www |
| Footnotes / references [1] | |
As of December 31, 2021, the company had 11.218 million barrels of oil equivalent (68,630,000 GJ) of proved reserves, all of which was petroleum.[1]
The company’s primary source of revenue is from its 58.8% interest, via a production sharing contract, in operations in the 750,000 acre (3,000 km2) Etame Marin block, offshore Gabon. The company also owns a 45.9% working interest in an undeveloped portion of a block offshore Equatorial Guinea.[1]
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In 2000, the company sold a 32.5% interest in the Etame Marin permit offshore Gabon to PanAfrican Energy Corp.[2]
In November 2012, the company acquired a 31% non-operating working interest in a production and development area offshore Equatorial Guinea from Petronas for $10 million.[3]
In November 2016, the company acquired an additional 3.23% participating interest (2.98% working interest) in the Etame Marin permit offshore Gabon.[4]
In December 2016, Cary Bounds was named chief executive officer of the company.[5][6]
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