CdI oil and gas map, Foxtrot,Baobab, Espoir

Vaalco acquires Côte d’Ivoire offshore stake as Al-Amoudi’s empire shrinks further

Issue 501 - 04 Mar 2024 - By Dominic Dudley | 2 minute read

Vaalco Energy’s purchase of Svenska Petroleum Exploration will give the US indie a 27.4% interest in Block CI-40, which holds the producing Baobab field offshore Côte d’Ivoire, in a deal that further reduces beleaguered Saudi-Ethiopian tycoon Sheikh Mohammed Al-Amoudi’s business empire.

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