VAALCO Energy, Inc. completes acquisition of Svenska Petroleum Exploration AB to expand its West African footprint
VAALCO Energy, Inc. completes acquisition of Svenska Petroleum Exploration AB to expand its West African footprint
02/29/24, 7:55 AM
Location
houston
stockholmIndustry
oil and gas
energy
oil and gas
energy
VAALCO Energy, Inc. has announced the acquisition of Svenska Petroleum Exploration AB, a privately-held exploration and production company based in Stockholm, Sweden. This acquisition allows VAALCO to expand its West African footprint and gain a strong production and reserves asset in the deepwater producing Baobab field in Block CI-40, offshore Cote d’Ivoire.
Company Info
Location
Houston, Texas, United States
Company info
Svenska Petroleum Exploration AB is a privately-held exploration and production company headquartered in Stockholm, Sweden. The company's primary asset is a 27.39% non-operated working interest in the deepwater producing Baobab field in Block CI-40, offshore Cote d’Ivoire in West Africa. Svenska focuses on optimizing production operations and exploring potential growth opportunities in the energy sector.