VAALCO Energy Inc. Closes Acquisition of Svenska Petroleum Exploration AB.

VAALCO Energy Inc. announced April 30, 2024, that it closed the acquisition of Stockholm-based Svenska Petroleum Exploration AB. 

Through the $40.2 million acquisition, VAALCO gains access to the E&P’s primary asset, which is a 27.39% non-operated working interest in the deepwater producing Baobab Field in Block CI-40, offshore Cote d’Ivoire.