VAALCO Energy Inc 2024 SR
The report highlights Vaalco Energy's 2024 performance, focusing on strategic expansion in West Africa through the acquisition of Svenska in Cote d'Ivoire. The company achieved a 57% increase in proved reserves and reported record adjusted EBITDAX of $303 million. Key sustainability milestones include the launch of a global HSSE Handbook, achieving 3.6 million working hours LTI-free in Egypt, and a 6.5% reduction in Scope 1 emissions intensity. Vaalco also advanced its decarbonization roadmap and conducted comprehensive physical and transition climate risk assessments. Community engagement remained strong, with $8.2 million donated through Production Sharing Contracts in Gabon and various local health and education initiatives in Egypt and Equatorial Guinea.
Company: VAALCO Energy Inc
Sector: Energy
Country: United States
Year: 2024
Type: SR
Pages: 106
VAALCO Energy Inc
Sustainability Report
The report highlights Vaalco Energy's 2024 performance, focusing on strategic expansion in West Africa through the acquisition of Svenska in Cote d'Ivoire. The company achieved a 57% increase in proved reserves and reported record adjusted EBITDAX of $303 million. Key sustainability milestones include the launch of a global HSSE Handbook, achieving 3.6 million working hours LTI-free in Egypt, and a 6.5% reduction in Scope 1 emissions intensity. Vaalco also advanced its decarbonization roadmap and conducted comprehensive physical and transition climate risk assessments. Community engagement remained strong, with $8.2 million donated through Production Sharing Contracts in Gabon and various local health and education initiatives in Egypt and Equatorial Guinea.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Other Standards
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Water Consumption
Women in Management
Workplace Fatalities
Net Zero Target
Employees