VAALCO Energy has started production from its Southeast Etame 2-H well in offshore Gabon, at the rate of around 3,400 barrels of oil a day.

The well started production at the company’s new Southeast Etame/North Tchibala (SEENT) platform located in 260ft of water.

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Vaalco originally discovered the first oil reservoir in the area in 2010 and the Etame 2-H is the first well to be completed.

"We are producing at these levels to optimise production and allow us to gather additional data about the productive capacity and extent of this previously untapped reservoir."

The company has been producing oil from the Gamba formation in the Etame Marin permit area, which is the main source of its production.

Vaalco operates the Etame Marin permit area, and owns a 28.1% working interest in it.

In order to monitor wellhead and downhole pressure, the company plans to continue to produce the well at the existing rate and will also optimise fluid throughput at the recently commissioned production facilities on the platform.

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Upon completion of drilling, the Transocean Constellation II jack-up rig has been shifted to a second slot on the same platform to drill the North Tchibala 1-H well.

Vaalco chairman and CEO Steve Guidry said: "We are very pleased with the results of this first well to the new Southeast Etame field that we discovered in 2010, which have exceeded our expectations.

"While we believe the Etame 2-H well is capable of producing at even stronger rates, we are producing at these levels to optimise production and allow us to gather additional data about the productive capacity and extent of this previously untapped reservoir."