Segment & Geographic Data
Quant-Grade Normalized (live API)
API & CSV Delivery
Vaalco Energy Inc's Business Segments
Vaalco Energy Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of Q2 FY2026
Reportable Segments
2
Largest Segment
Gabon
Total Revenue
$ 135
Regions Reported
-
Revenue Share by Reportable Segment - Q2 FY2026
- Gabon67.9%
- Egypt32.1%
Revenue by Reportable Segment - Q2 FY2026
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Gabon | $ 92 | 67.9% |
| Egypt | $ 43 | 32.1% |
Revenue by Product & Service Category - Q2 FY2026
- Crude Oil Sales and Purchase Agreements74.8%
- Carried interest recoupment3.1%
- Gabonese Government Share of Profit Oil1.6%
Revenue by Product & Service Category - Q2 FY2026
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Crude Oil Sales and Purchase Agreements | $ 101 | 74.8% |
| Carried interest recoupment | $ 4 | 3.1% |
| Gabonese Government Share of Profit Oil | $ 2 | 1.6% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
Description of Vaalco Energy Inc
VAALCO Energy, Inc. is a Delaware corporation, incorporated in 1985 and headquartered
at 9800 Richmond Avenue, Suite 700, Houston, Texas 77042. Our telephone number
is (713) 623-0801 and our website address is www.vaalco.com.
We are an independent energy company principally engaged in the acquisition, exploration, development and production of crude oil and natural gas. Our primary source of revenue has been from our Etame Production Sharing Contract (“Etame PSC”) related to the Etame Marin block located offshore the Republic of Gabon (“Gabon”) in West Africa. We also currently own interests in an undeveloped block offshore Equatorial Guinea, West Africa and undeveloped leasehold acreage in Montana.
Vaalco Energy Inc. operates primarily in the oil and gas sector, focusing on exploration and production activities in Africa, particularly in Gabon and Equatorial Guinea. The company aims to maximize the development of its oil and gas assets through a combination of efficient operations, strategic partnerships, and a commitment to safety and environmental stewardship. Below are the extensive details about the segments, products, and services offered by Vaalco Energy Inc. specifically highlighting the Gabon segment.
Gabon Segment
Offshore – Etame Marin Block
The Etame Marin block is central to Vaalco Energys operations, responsible for nearly 100% of the company’s current revenues. This asset is governed by a Production Sharing Contract (PSC) signed in 1995, covering an expanse of approximately 28,700 gross acres located offshore Gabon. The area is characterized by subsalt reservoirs located around 20 miles away from the shore at approximately 250 feet water depth.
Key Fields in the Etame Marin Block:
1. Etame Field:
- This field was awarded a 12,000 gross acre exploitation area in 2001, with a term spanning 20 years until June 2021. It encompasses the Southeast Etame field.
- Currently, five wells are operational within this field, contributing significantly to the companys overall production.
2. Avouma/South Tchibala Field:
- The company has rights to a 13,000-gross acre area for the joint development of the Avouma and South Tchibala fields. The rights are set to expire in March 2025 and include the North Tchibala field.
- Presently, two wells are actively producing in this area.
3. Ebouri Field:
- This field encompasses a 3,700-gross acre area with rights expiring in July 2026. Currently, there is one well producing in this field.
4. Southeast Etame:
- In 2015, Vaalco drilled a well in the Southeast Etame field, which continues to yield production.
5. North Tchibala Field:
- Two wells were drilled in the North Tchibala field in 2015, focused on the Dentale formation, and are currently active.
Development Operations
Vaalco Energy commenced development activities following the installation of production platforms in the Etame and Southeast Etame/North Tchibala fields. The process began with the drilling of the Etame 8-H well in November 2014; however, production from this well was halted in December of the same year due to high levels of hydrogen sulfide (H2S). In subsequent years, the company optimized its drilling strategy, successfully bringing two new development wells online in the Etame field in 2015, along with three additional wells in the Southeast Etame and North Tchibala fields. Importantly, none of the wells drilled after Etame 8-H produced H2S.
Equatorial Guinea Segment
In addition to its operations in Gabon, Vaalco Energy holds a 31% working interest in an undeveloped portion of a block offshore Equatorial Guinea, acquired in 2012. As of now, the company does not intend to make any immediate expenditures for the development of this asset. Before initiating exploration, Vaalco and its partners must thoroughly evaluate the timing and budget associated with development and exploration activities and seek approval for a development and production plan. The associated production sharing contract allows for a development and production period of 25 years following the approval.
Products and Services
Vaalco Energy specializes in the exploration and production of crude oil, which is essential for refining into various petroleum products used across numerous industries. The companys operations encompass several phases of oil production, including:
- Exploration: Identifying and assessing new oil reserves.
- Development: Planning and constructing the necessary infrastructure to extract oil, including drilling wells and setting up platforms.
- Production: Extracting oil from the ground, ensuring efficient processes to maximize output while minimizing environmental impact.
- Transportation and Sales: Managing the logistics of transporting crude oil to refineries and marketing the produced oil to potential buyers.
Conclusion
Vaalco Energy Inc. focuses on oil exploration and production, particularly in Gabon with its significant assets in the Etame Marin block, while also exploring opportunities in Equatorial Guinea. The companys commitment to operational excellence, exploration, and sustainable practices positions it as a notable player within the sector, navigating the challenges and opportunities of oil and gas production in todays evolving energy landscape.
Gabon Segment
Offshore – Etame Marin Block
The Etame Marin block is central to Vaalco Energys operations, responsible for nearly 100% of the company’s current revenues. This asset is governed by a Production Sharing Contract (PSC) signed in 1995, covering an expanse of approximately 28,700 gross acres located offshore Gabon. The area is characterized by subsalt reservoirs located around 20 miles away from the shore at approximately 250 feet water depth.
Key Fields in the Etame Marin Block:
1. Etame Field:
- This field was awarded a 12,000 gross acre exploitation area in 2001, with a term spanning 20 years until June 2021. It encompasses the Southeast Etame field.
- Currently, five wells are operational within this field, contributing significantly to the companys overall production.
2. Avouma/South Tchibala Field:
- The company has rights to a 13,000-gross acre area for the joint development of the Avouma and South Tchibala fields. The rights are set to expire in March 2025 and include the North Tchibala field.
- Presently, two wells are actively producing in this area.
3. Ebouri Field:
- This field encompasses a 3,700-gross acre area with rights expiring in July 2026. Currently, there is one well producing in this field.
4. Southeast Etame:
- In 2015, Vaalco drilled a well in the Southeast Etame field, which continues to yield production.
5. North Tchibala Field:
- Two wells were drilled in the North Tchibala field in 2015, focused on the Dentale formation, and are currently active.
Development Operations
Vaalco Energy commenced development activities following the installation of production platforms in the Etame and Southeast Etame/North Tchibala fields. The process began with the drilling of the Etame 8-H well in November 2014; however, production from this well was halted in December of the same year due to high levels of hydrogen sulfide (H2S). In subsequent years, the company optimized its drilling strategy, successfully bringing two new development wells online in the Etame field in 2015, along with three additional wells in the Southeast Etame and North Tchibala fields. Importantly, none of the wells drilled after Etame 8-H produced H2S.
Equatorial Guinea Segment
In addition to its operations in Gabon, Vaalco Energy holds a 31% working interest in an undeveloped portion of a block offshore Equatorial Guinea, acquired in 2012. As of now, the company does not intend to make any immediate expenditures for the development of this asset. Before initiating exploration, Vaalco and its partners must thoroughly evaluate the timing and budget associated with development and exploration activities and seek approval for a development and production plan. The associated production sharing contract allows for a development and production period of 25 years following the approval.
Products and Services
Vaalco Energy specializes in the exploration and production of crude oil, which is essential for refining into various petroleum products used across numerous industries. The companys operations encompass several phases of oil production, including:
- Exploration: Identifying and assessing new oil reserves.
- Development: Planning and constructing the necessary infrastructure to extract oil, including drilling wells and setting up platforms.
- Production: Extracting oil from the ground, ensuring efficient processes to maximize output while minimizing environmental impact.
- Transportation and Sales: Managing the logistics of transporting crude oil to refineries and marketing the produced oil to potential buyers.
Conclusion
Vaalco Energy Inc. focuses on oil exploration and production, particularly in Gabon with its significant assets in the Etame Marin block, while also exploring opportunities in Equatorial Guinea. The companys commitment to operational excellence, exploration, and sustainable practices positions it as a notable player within the sector, navigating the challenges and opportunities of oil and gas production in todays evolving energy landscape.