VAALCO Energy advances Côte d’Ivoire Block CI-705 to second exploration phase
EGY•VAALCO Energy received government approval to enter the second exploration phase at Block CI-705 offshore Côte d’Ivoire after completing its first-phase commitments. It must drill an exploration well by the end of 2028, reprocess seismic data and relinquish 25% of the block.
1. Second phase commitments
VAALCO Energy secured government approval to advance Block CI-705 offshore Côte d’Ivoire after completing its first-phase commitments. The next phase requires the company to drill an exploration well by the end of 2028, conduct further seismic reprocessing and relinquish 25% of the block; VAALCO acquired its 70% working interest in March 2025.
