Houston-based Vaalco Energy’s Vaalco Gabon affiliate signed a binding letter of intent (LoI) on 25 August with World Carrier Offshore Services Corporation to provide and operate a floating storage and offloading (FSO) unit at the Etame Marin field. The arrangement was approved by Vaalco’s partners on 31 August. It is for an initial eight years, with an option to extend.
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