VAALCO Energy, Inc. Announces New FPSO Contract

VAALCO Energy, Inc. today announced that it had entered into an agreement with Tinworth Pte. Ltd. regarding the FPSO ‘Petroleo Nautipa’. The FPSO operates within the Etame Marin concession offshore Gabon. The new agreement allows the consortium to increase oil production beyond the current contractual capacity of the FPSO while also extending the contract an additional four years to 2015.