 HOUSTON, Aug. 25, 2021 GLOBE NEWSWIRE -- VAALCO Energy, Inc. NYSE: EGY; LSE: EGY VAALCO or the Company today announced that its affiliate VAALCO Gabon, SA VAALCO Gabon has signed a binding letter of intent LOI with World Carrier Offshore Services Corp. World Carrier to provide and operate a Floating Storage and Offloading FSO unit at VAALCOs Etame Marin field offshore Gabon for up to eight years with additional option periods available upon the expiration of the current Floating Production, Storage and Offloading FPSO contract in September 2022. The non-binding LOI with Omni Offshore Terminals Pte Ltd, which VAALCO announced in April of this year, expired without any mutually agreeable contract being reached. 