VAALCO Energy Inc. Closes Acquisition of Svenska Petroleum Exploration AB.
Transaction Type
Sellers
Buyers
Field
Baobab Field
Post Date
Close Date
Estimated Price
MM
Description
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.