馃嚞馃嚘GabonCentral Africa
VAALCO Energy announces strong operational results from offshore Gabon drilling campaign
via Gabon Review2 min read
VAALCO Energy, an American oil company, announced on April 21, 2026, that its ongoing drilling campaign offshore Gabon has yielded operational results exceeding expectations. The new Etame 14H development well achieved an initial flow rate of approximately 4,850 barrels of crude per day, confirming the robustness of Gabon's offshore reservoirs. The campaign is now continuing on the Ebouri platform, with several additional wells targeted. VAALCO Energy has been present in Gabon since 1995, operating the Etame field, one of the country's most mature offshore assets. This new milestone is part of a sustained development strategy that the group intends to pursue across its entire Gabonese perimeter. The Etame 14H well intersected 325 meters of Gamba formation reservoir sands, showing better-than-expected porosity and permeability. The initial gross flow rate is established at approximately 4,850 barrels per day BOPD, of which 2,850 BOPD is VAALCO's net share. These performances exceed the group's initial projections and strengthen the residual value of the Etame field. George Maxwell, Chief Executive Officer of VAALCO Energy, stated that the Etame 14H well delivered 325 meters of high-quality Gamba sands with initial flow rates of approximately 4,850 gross BOPD. This result was simultaneously reported to the US Securities and Exchange Commission SEC via an official regulatory filing. Following this success, VAALCO has redeployed its drilling rig to the Ebouri platform, also in Ga
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The Minister of Housing, Mays Mouissi, visited the Bellambra Residence construction site in Akanda on Tuesday, July 21, 2026, to assess the progress of the work. This project, comprising 500 apartments, is the first phase of a 5,000-housing unit program under an agreement between the Gabonese state and the Addoha group. The initial buildings have reached the structural work stage, and the first keys are expected to be handed over before the end of 2026. The project, officially launched on May 6 in the presence of the Vice-President of the Government, is progressing according to schedule. Two buildings, containing 52 apartments and four commercial spaces, are already structurally complete, with a 70% reservation rate. Kampala Kaina, Addoha's General Manager in Gabon, announced the start of construction for nine additional buildings. The program targets civil servants, private sector employees, self-employed workers, and other eligible buyers for bank financing, offering two to three-bedroom apartments starting from 30 million CFA francs. To facilitate home ownership, mortgage loans may be granted for 15 years or more, subject to bank approval. The Ministry of Housing aims to enable eligible households to gradually replace rent payments with comparable mortgage installments. This initial deadline for key handovers will apply only to the first completed homes, not all 500 apartments in this phase. Mouissi's visit is part of monitoring the agreement signed on February 13, 2025, b
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