VAALCO Energy is strengthening its footprint in Africa with a 70% acquisition of the offshore CI-705 block in Côte d’Ivoire. The deal, finalized on March 3, 2025, expands the company’s West African portfolio, following its 2024 purchase of the offshore Baobab field. The CI-705 block, located 70 km west of the CI-40 block, lies in the Tano Basin, a region with recent significant oil and gas discoveries. Positioned 60 km from Eni’s Calao discovery, the