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Stock impact report

EGY Partners With Borr Drilling for 2025/2026 Offshore Campaign [Yahoo! Finance]

VAALCO Energy, Inc. (EGY) 
US:NYSE Investor Relations: vaalco.com/about-us/governance
Company Research Source: Yahoo! Finance
VAALCO Energy Inc. EGY, an independent exploration and production firm, has signed a contract with Borr Jack-Up XIV Inc., an affiliate of Borr Drilling Limited, to execute its 2025/2026 drilling schedule. The company's 2025/2026 drilling program will be conducted in Gabon. It is anticipated to start in mid-2025. The contract with Borr Drilling involves drilling many development wells alongside appraisal and exploration wells. It also includes workovers to be performed by VAALCO and options for drilling additional wells if needed. The company shares that it has many significant projects planned for 2025. These projects are expected to drive notable organic growth for EGY in the upcoming years. The company is focused on working with the partners at the Etame field in Gabon to successfully execute a drilling program aimed at raising production in the field. The drilling campaign shall also focus on increasing the company's current reserves. EGY has mentioned that its contract with Show less Read more
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