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Vaalco Invests $200 Million to Revitalise Gabon’s Oil Sector

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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.
  • Vaalco plans a new drilling campaign, aiming to reverse Gabon’s production decline
  • Military government assures foreign investors of stable operating conditions

Libreville, Gabon – American oil firm Vaalco has announced a $200 million investment in Gabon with the objective of doubling its oil production in the central African nation. The company plans to launch a drilling campaign in 2025, targeting 5 to 10 new wells, according to Viannet Okouma, managing director of Vaalco Gabon.

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