January 17, 2017 2:29 PM ET

Oil, Gas and Consumable Fuels

Company Overview of VAALCO International, Inc.

Company Overview

VAALCO International, Inc., through it's subsidiary VAALCO (Gabon) Etame, Inc., owns crude oil and natural gas exploration and production interests in the Etame Marine concession located offshore Gabon. The company was incorporated in 2002 and is based in the United States. VAALCO International, Inc. operates as a subsidiary of Vaalco Energy Inc.


United States

Founded in 2002

Key Executives for VAALCO International, Inc.

VAALCO International, Inc. does not have any Key Executives recorded.

VAALCO International, Inc. Key Developments

VAALCO Gabon (Etame), Inc. Enters into Waiver and First Amendment of Loan Agreement with International Finance Corporation

On May 19, 2015, VAALCO Gabon (Etame), Inc. (‘VAALCO Sub’) entered into a Waiver and First Amendment of Loan Agreement (the ‘Amendment’), amending the Loan Agreement dated as of January 30, 2014 by and between VAALCO Sub, as borrower, and International Finance Corporation, as lender. The Amendment permanently removes the affirmative covenant that VAALCO Sub maintain a debt to equity ratio at or below that of 60 to 40. The Amendment also extends to September 30, 2016 the date upon which VAALCO Sub must convert the ownership of its Gabonese assets to an entity organized under the laws of Gabon.

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