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VAALCO Energy to Invest $300 Million in Gabon by 2025

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Kingsley Kobo

Kingsley Kobo is an expert on Francophone West and Central Africa, with over 15 years' experience covering business, finance, politics, tech, and more across both regions.
  • Investment in Etame oil field aims to boost Gabon’s economy
  • Commitment to 80% Gabonisation of workforce

 

Libreville, Gabon – American oil company VAALCO Energy has announced plans to invest up to $300 million in Gabon by 2025. The investment will be focused on the firm’s Etame oil field situated off the coast of Gabon’s capital, Libreville, the company revealed this week during a meeting between CEO George Maxwell and Gabon’s economy minister, Mays Mouissi.

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