Sasol has completed the sale of its 27.75% stake in a Gabonese licence to Vaalco.
Vaalco Energy has struck a deal to buy out its partner, Sasol, from shared operations offshore Gabon.
Gabon-focused Vaalco Energy has completed the South East Etame 4H well at 2,200 barrels per day of oil.
US-based Vaalco Energy has found oil at its South East Etame 4P appraisal well, on Gabon’s Etame Marin permit.
Vaalco Energy has posted a loss for the third quarter, with realised oil prices slipping and production down.