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<!-- RRD ActiveDisclosure(SM) XBRL Linkbase Document - http://www.financial.rrd.com/ -->
<!-- Creation Date      : 2015-03-16T14:31:45.3902951+00:00 -->
<!-- Version            : 2.0.3.5 -->
<!-- Package ID         : 5D3F45C6F0604F9A951A74965FEAC2CB-0000894627-001501 -->
<!-- Copyright (c) 2015 R. R. Donnelley & Sons Company. All Rights Reserved. -->
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    <label xml:lang="en-US" xlink:label="us-gaap_ReceivablesNetCurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Trade</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_OtherInventorySupplies_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Materials and supplies</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_OtherInventorySupplies_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Other Inventory Supplies</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PrepaidExpenseAndOtherAssets" xlink:type="locator" xlink:label="us-gaap_PrepaidExpenseAndOtherAssets" />
    <label xml:lang="en-US" xlink:label="us-gaap_PrepaidExpenseAndOtherAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Prepayments and other</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_PrepaidExpenseAndOtherAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Prepaid Expense And Other Assets</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsCurrent" xlink:type="locator" xlink:label="us-gaap_AssetsCurrent" />
    <label xml:lang="en-US" xlink:label="us-gaap_AssetsCurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total current assets</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_AssetsCurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Assets Current</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNetAbstract" xlink:type="locator" xlink:label="us-gaap_PropertyPlantAndEquipmentNetAbstract" />
    <label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentNetAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Property and equipment - successful efforts method:</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentNetAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Property Plant And Equipment Net [Abstract]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalizedCostsProvedProperties" xlink:type="locator" xlink:label="us-gaap_CapitalizedCostsProvedProperties" />
    <label xml:lang="en-US" xlink:label="us-gaap_CapitalizedCostsProvedProperties_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Wells, platforms and other production facilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CapitalizedCostsProvedProperties" xlink:to="us-gaap_CapitalizedCostsProvedProperties_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_CapitalizedCostsProvedProperties_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Capitalized Costs Proved Properties</label>
    <label xml:lang="en-US" xlink:label="egy_UndevelopedAcreage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Undeveloped acreage</label>
    <label xml:lang="en-US" xlink:label="egy_UndevelopedAcreage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Undeveloped Acreage</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConstructionInProgressGross" xlink:type="locator" xlink:label="us-gaap_ConstructionInProgressGross" />
    <label xml:lang="en-US" xlink:label="us-gaap_ConstructionInProgressGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Work in progress</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConstructionInProgressGross" xlink:to="us-gaap_ConstructionInProgressGross_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ConstructionInProgressGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Construction In Progress Gross</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PropertyPlantAndEquipmentOther" xlink:type="locator" xlink:label="us-gaap_PropertyPlantAndEquipmentOther" />
    <label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentOther_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Equipment and other</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentOther" xlink:to="us-gaap_PropertyPlantAndEquipmentOther_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentOther_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Property Plant And Equipment Other</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PropertyPlantAndEquipmentGross" xlink:type="locator" xlink:label="us-gaap_PropertyPlantAndEquipmentGross" />
    <label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Property, plant and equipment, gross, Total</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentGross" xlink:to="us-gaap_PropertyPlantAndEquipmentGross_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Property Plant And Equipment Gross</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:type="locator" xlink:label="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" />
    <label xml:lang="en-US" xlink:label="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Accumulated depreciation, depletion and amortization</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:to="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Accumulated Depreciation Depletion And Amortization Property Plant And Equipment</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet" xlink:type="locator" xlink:label="us-gaap_PropertyPlantAndEquipmentNet" />
    <label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net property and equipment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentNet" xlink:to="us-gaap_PropertyPlantAndEquipmentNet_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Property Plant And Equipment Net</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherAssetsNoncurrentAbstract" xlink:type="locator" xlink:label="us-gaap_OtherAssetsNoncurrentAbstract" />
    <label xml:lang="en-US" xlink:label="us-gaap_OtherAssetsNoncurrentAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other assets:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherAssetsNoncurrentAbstract" xlink:to="us-gaap_OtherAssetsNoncurrentAbstract_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_OtherAssetsNoncurrentAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Other Assets Noncurrent [Abstract]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RestrictedCashAndCashEquivalentsNoncurrent" xlink:type="locator" xlink:label="us-gaap_RestrictedCashAndCashEquivalentsNoncurrent" />
    <label xml:lang="en-US" xlink:label="us-gaap_RestrictedCashAndCashEquivalentsNoncurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Restricted cash</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RestrictedCashAndCashEquivalentsNoncurrent" xlink:to="us-gaap_RestrictedCashAndCashEquivalentsNoncurrent_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_RestrictedCashAndCashEquivalentsNoncurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Restricted Cash And Cash Equivalents Noncurrent</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsNetNoncurrent" xlink:type="locator" xlink:label="us-gaap_DeferredTaxAssetsNetNoncurrent" />
    <label xml:lang="en-US" xlink:label="us-gaap_DeferredTaxAssetsNetNoncurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deferred tax asset</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsNetNoncurrent" xlink:to="us-gaap_DeferredTaxAssetsNetNoncurrent_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_DeferredTaxAssetsNetNoncurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Tax Assets Net Noncurrent</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredFinanceCostsNoncurrentNet" xlink:type="locator" xlink:label="us-gaap_DeferredFinanceCostsNoncurrentNet" />
    <label xml:lang="en-US" xlink:label="us-gaap_DeferredFinanceCostsNoncurrentNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deferred finance charge</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredFinanceCostsNoncurrentNet" xlink:to="us-gaap_DeferredFinanceCostsNoncurrentNet_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_DeferredFinanceCostsNoncurrentNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Finance Costs Noncurrent Net</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongLivedAssetsToBeAbandonedCarryingValueOfAsset" xlink:type="locator" xlink:label="us-gaap_LongLivedAssetsToBeAbandonedCarryingValueOfAsset" />
    <label xml:lang="en-US" xlink:label="us-gaap_LongLivedAssetsToBeAbandonedCarryingValueOfAsset_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Abandonment funding</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongLivedAssetsToBeAbandonedCarryingValueOfAsset" xlink:to="us-gaap_LongLivedAssetsToBeAbandonedCarryingValueOfAsset_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_LongLivedAssetsToBeAbandonedCarryingValueOfAsset_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Long Lived Assets To Be Abandoned Carrying Value Of Asset</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Assets" xlink:type="locator" xlink:label="us-gaap_Assets" />
    <label xml:lang="en-US" xlink:label="us-gaap_Assets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total Assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Assets" xlink:to="us-gaap_Assets_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_Assets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Assets</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:type="locator" xlink:label="us-gaap_LiabilitiesAndStockholdersEquityAbstract" />
    <label xml:lang="en-US" xlink:label="us-gaap_LiabilitiesAndStockholdersEquityAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">LIABILITIES AND EQUITY</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:to="us-gaap_LiabilitiesAndStockholdersEquityAbstract_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_LiabilitiesAndStockholdersEquityAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Liabilities And Stockholders Equity [Abstract]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesCurrentAbstract" xlink:type="locator" xlink:label="us-gaap_LiabilitiesCurrentAbstract" />
    <label xml:lang="en-US" xlink:label="us-gaap_LiabilitiesCurrentAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Current liabilities:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesCurrentAbstract" xlink:to="us-gaap_LiabilitiesCurrentAbstract_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_LiabilitiesCurrentAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Liabilities Current [Abstract]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent" xlink:type="locator" xlink:label="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent" />
    <label xml:lang="en-US" xlink:label="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accounts payable and accrued liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent" xlink:to="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Accounts Payable And Accrued Liabilities Current</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DueToRelatedPartiesCurrent" xlink:type="locator" xlink:label="us-gaap_DueToRelatedPartiesCurrent" />
    <label xml:lang="en-US" xlink:label="us-gaap_DueToRelatedPartiesCurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accounts with partners</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DueToRelatedPartiesCurrent" xlink:to="us-gaap_DueToRelatedPartiesCurrent_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_DueToRelatedPartiesCurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Due To Related Parties Current</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesCurrent" xlink:type="locator" xlink:label="us-gaap_LiabilitiesCurrent" />
    <label xml:lang="en-US" xlink:label="us-gaap_LiabilitiesCurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total current liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesCurrent" xlink:to="us-gaap_LiabilitiesCurrent_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_LiabilitiesCurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Liabilities Current</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetRetirementObligationsNoncurrent" xlink:type="locator" xlink:label="us-gaap_AssetRetirementObligationsNoncurrent" />
    <label xml:lang="en-US" xlink:label="us-gaap_AssetRetirementObligationsNoncurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Asset retirement obligations</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetRetirementObligationsNoncurrent" xlink:to="us-gaap_AssetRetirementObligationsNoncurrent_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_AssetRetirementObligationsNoncurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Asset Retirement Obligations Noncurrent</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtNoncurrent" xlink:type="locator" xlink:label="us-gaap_LongTermDebtNoncurrent" />
    <label xml:lang="en-US" xlink:label="us-gaap_LongTermDebtNoncurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Long term debt</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtNoncurrent" xlink:to="us-gaap_LongTermDebtNoncurrent_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_LongTermDebtNoncurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Long Term Debt Noncurrent</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Liabilities" xlink:type="locator" xlink:label="us-gaap_Liabilities" />
    <label xml:lang="en-US" xlink:label="us-gaap_Liabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Liabilities" xlink:to="us-gaap_Liabilities_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_Liabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Liabilities</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommitmentsAndContingencies" xlink:type="locator" xlink:label="us-gaap_CommitmentsAndContingencies" />
    <label xml:lang="en-US" xlink:label="us-gaap_CommitmentsAndContingencies_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Commitments and contingencies (Note 6)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommitmentsAndContingencies" xlink:to="us-gaap_CommitmentsAndContingencies_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_CommitmentsAndContingencies_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Commitments And Contingencies</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityAbstract" xlink:type="locator" xlink:label="us-gaap_StockholdersEquityAbstract" />
    <label xml:lang="en-US" xlink:label="us-gaap_StockholdersEquityAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">VAALCO Energy Inc. shareholders&#8217; equity:</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockParOrStatedValuePerShare" xlink:type="locator" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare" />
    <label xml:lang="en-US" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common stock, par value</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Common Stock Par Or Stated Value Per Share</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_TreasuryStockShares_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Treasury stock, shares</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeStatementAbstract" xlink:type="locator" xlink:label="us-gaap_IncomeStatementAbstract" />
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OilAndGasSalesRevenue" xlink:type="locator" xlink:label="us-gaap_OilAndGasSalesRevenue" />
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OilAndGasProductionExpense" xlink:to="us-gaap_OilAndGasProductionExpense_lbl" />
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    <label xml:lang="en-US" xlink:label="us-gaap_ExplorationExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Exploration expense</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_ExplorationExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Exploration Expense</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense" xlink:type="locator" xlink:label="us-gaap_GeneralAndAdministrativeExpense" />
    <label xml:lang="en-US" xlink:label="us-gaap_GeneralAndAdministrativeExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">General and administrative expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GeneralAndAdministrativeExpense" xlink:to="us-gaap_GeneralAndAdministrativeExpense_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_GeneralAndAdministrativeExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">General And Administrative Expense</label>
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    <label xml:lang="en-US" xlink:label="egy_ProvisionForDoubtfulAccountsAndOtherExpenses_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Provision For Doubtful Accounts And Other Expenses</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetImpairmentCharges" xlink:type="locator" xlink:label="us-gaap_AssetImpairmentCharges" />
    <label xml:lang="en-US" xlink:label="us-gaap_AssetImpairmentCharges_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Impairment of proved properties</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CostsAndExpenses" xlink:type="locator" xlink:label="us-gaap_CostsAndExpenses" />
    <label xml:lang="en-US" xlink:label="us-gaap_CostsAndExpenses_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total operating costs and expenses</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_CostsAndExpenses_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Costs And Expenses</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingIncomeLoss" xlink:type="locator" xlink:label="us-gaap_OperatingIncomeLoss" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingIncomeLoss_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Operating income (loss)</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_OperatingIncomeLoss_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Operating Income Loss</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NonoperatingIncomeExpenseAbstract" xlink:type="locator" xlink:label="us-gaap_NonoperatingIncomeExpenseAbstract" />
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:type="locator" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" />
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:type="locator" xlink:label="us-gaap_StatementOfCashFlowsAbstract" />
    <label xml:lang="en-US" xlink:label="us-gaap_StatementOfCashFlowsAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Statement Of Cash Flows [Abstract]</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:type="locator" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" />
    <label xml:lang="en-US" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Adjustments to reconcile net income to net cash provided by operating activities</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AmortizationOfFinancingCosts" xlink:type="locator" xlink:label="us-gaap_AmortizationOfFinancingCosts" />
    <label xml:lang="en-US" xlink:label="us-gaap_AmortizationOfFinancingCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amortization of debt issuance cost</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ForeignCurrencyTransactionGainLossUnrealized" xlink:type="locator" xlink:label="us-gaap_ForeignCurrencyTransactionGainLossUnrealized" />
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ExplorationAbandonmentAndImpairmentExpense" xlink:type="locator" xlink:label="us-gaap_ExplorationAbandonmentAndImpairmentExpense" />
    <label xml:lang="en-US" xlink:label="us-gaap_ExplorationAbandonmentAndImpairmentExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Dry hole costs and impairment loss on unproved leasehold</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_ExplorationAbandonmentAndImpairmentExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Exploration Abandonment And Impairment Expense</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensation" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensation" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock based compensation</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProvisionForDoubtfulAccounts" xlink:type="locator" xlink:label="us-gaap_ProvisionForDoubtfulAccounts" />
    <label xml:lang="en-US" xlink:label="us-gaap_ProvisionForDoubtfulAccounts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Bad debt provision</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_ProvisionForDoubtfulAccounts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Provision For Doubtful Accounts</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:type="locator" xlink:label="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" />
    <label xml:lang="en-US" xlink:label="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Change in operating assets and liabilities:</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Increase Decrease In Operating Capital [Abstract]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:type="locator" xlink:label="us-gaap_IncreaseDecreaseInAccountsReceivable" />
    <label xml:lang="en-US" xlink:label="us-gaap_IncreaseDecreaseInAccountsReceivable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Trade receivables</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsReceivableRelatedParties" xlink:type="locator" xlink:label="us-gaap_IncreaseDecreaseInAccountsReceivableRelatedParties" />
    <label xml:lang="en-US" xlink:label="us-gaap_IncreaseDecreaseInAccountsReceivableRelatedParties_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Accounts with partners</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInFuelInventories" xlink:type="locator" xlink:label="us-gaap_IncreaseDecreaseInFuelInventories" />
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInRawMaterialsPackagingMaterialsAndSuppliesInventories" xlink:type="locator" xlink:label="us-gaap_IncreaseDecreaseInRawMaterialsPackagingMaterialsAndSuppliesInventories" />
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" xlink:type="locator" xlink:label="us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" />
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations" xlink:type="locator" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations" />
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    <loc xlink:href="egy-20141231.xsd#egy_AccountsWithPartnersPolicyTextBlock" xlink:type="locator" xlink:label="egy_AccountsWithPartnersPolicyTextBlock" />
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReceivablesTradeAndOtherAccountsReceivableAllowanceForDoubtfulAccountsPolicy" xlink:type="locator" xlink:label="us-gaap_ReceivablesTradeAndOtherAccountsReceivableAllowanceForDoubtfulAccountsPolicy" />
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RevenueRecognitionPolicyTextBlock" xlink:to="us-gaap_RevenueRecognitionPolicyTextBlock_lbl" />
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy" />
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy" xlink:to="us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy_lbl" />
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueOfFinancialInstrumentsPolicy" xlink:type="locator" xlink:label="us-gaap_FairValueOfFinancialInstrumentsPolicy" />
    <label xml:lang="en-US" xlink:label="us-gaap_FairValueOfFinancialInstrumentsPolicy_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value of Financial Instruments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueOfFinancialInstrumentsPolicy" xlink:to="us-gaap_FairValueOfFinancialInstrumentsPolicy_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_FairValueOfFinancialInstrumentsPolicy_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Of Financial Instruments Policy</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementPolicyPolicyTextBlock" xlink:type="locator" xlink:label="us-gaap_FairValueMeasurementPolicyPolicyTextBlock" />
    <label xml:lang="en-US" xlink:label="us-gaap_FairValueMeasurementPolicyPolicyTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_FairValueMeasurementPolicyPolicyTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Measurement Policy Policy [Text Block]</label>
    <loc xlink:href="egy-20141231.xsd#egy_RisksAndUncertaintiesPolicyTextBlock" xlink:type="locator" xlink:label="egy_RisksAndUncertaintiesPolicyTextBlock" />
    <label xml:lang="en-US" xlink:label="egy_RisksAndUncertaintiesPolicyTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Risks and uncertainties policy.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_RisksAndUncertaintiesPolicyTextBlock" xlink:to="egy_RisksAndUncertaintiesPolicyTextBlock_lbl" />
    <label xml:lang="en-US" xlink:label="egy_RisksAndUncertaintiesPolicyTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Risks and Uncertainties</label>
    <label xml:lang="en-US" xlink:label="egy_RisksAndUncertaintiesPolicyTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Risks And Uncertainties Policy [Text Block]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UseOfEstimates" xlink:type="locator" xlink:label="us-gaap_UseOfEstimates" />
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetRetirementObligationsPolicy" xlink:type="locator" xlink:label="us-gaap_AssetRetirementObligationsPolicy" />
    <label xml:lang="en-US" xlink:label="us-gaap_AssetRetirementObligationsPolicy_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Asset Retirement Obligations ("ARO")</label>
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    <loc xlink:href="egy-20141231.xsd#egy_ExtractiveIndustriesPolicyTextBlock" xlink:type="locator" xlink:label="egy_ExtractiveIndustriesPolicyTextBlock" />
    <label xml:lang="en-US" xlink:label="egy_ExtractiveIndustriesPolicyTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Extractive industries policy.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_ExtractiveIndustriesPolicyTextBlock" xlink:to="egy_ExtractiveIndustriesPolicyTextBlock_lbl" />
    <label xml:lang="en-US" xlink:label="egy_ExtractiveIndustriesPolicyTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Extractive Industries</label>
    <label xml:lang="en-US" xlink:label="egy_ExtractiveIndustriesPolicyTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Extractive Industries Policy [Text Block]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PropertyPlantAndEquipmentTextBlock" xlink:type="locator" xlink:label="us-gaap_PropertyPlantAndEquipmentTextBlock" />
    <label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Estimated Useful Life of Property Plant and Equipment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentTextBlock" xlink:to="us-gaap_PropertyPlantAndEquipmentTextBlock_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Property Plant And Equipment [Text Block]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock" xlink:type="locator" xlink:label="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Rollforward Analysis of the Allowance Against the Partner Accounts Receivable Balance</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Accounts Notes Loans And Financing Receivable [Text Block]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:type="locator" xlink:label="us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" />
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AwardTypeAxis" xlink:type="locator" xlink:label="us-gaap_AwardTypeAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_AwardTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Award Type</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_AwardTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Award Type [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" />
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RestrictedStockMember" xlink:type="locator" xlink:label="us-gaap_RestrictedStockMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_RestrictedStockMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Restricted Stock</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Share Based Compensation Arrangement By Share Based Payment Award [Line Items]</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award [Line Items]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock" xlink:type="locator" xlink:label="us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock" />
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    <loc xlink:href="egy-20141231.xsd#egy_SummaryOfValuesOfOptionsGrantedAndExercisedTableTextBlock" xlink:type="locator" xlink:label="egy_SummaryOfValuesOfOptionsGrantedAndExercisedTableTextBlock" />
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessAcquisitionAxis" xlink:to="us-gaap_BusinessAcquisitionAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_BusinessAcquisitionAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Business Acquisition [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessAcquisitionAcquireeDomain" xlink:type="locator" xlink:label="us-gaap_BusinessAcquisitionAcquireeDomain" />
    <label xml:lang="en-US" xlink:label="us-gaap_BusinessAcquisitionAcquireeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Business Acquisition, Acquiree</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessAcquisitionAcquireeDomain" xlink:to="us-gaap_BusinessAcquisitionAcquireeDomain_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_BusinessAcquisitionAcquireeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Business Acquisition Acquiree [Domain]</label>
    <loc xlink:href="egy-20141231.xsd#egy_VaalcoInternationalMember" xlink:type="locator" xlink:label="egy_VaalcoInternationalMember" />
    <label xml:lang="en-US" xlink:label="egy_VaalcoInternationalMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Vaalco lnternational</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_VaalcoInternationalMember" xlink:to="egy_VaalcoInternationalMember_lbl" />
    <label xml:lang="en-US" xlink:label="egy_VaalcoInternationalMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Vaalco International</label>
    <label xml:lang="en-US" xlink:label="egy_VaalcoInternationalMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Vaalco International [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PropertyPlantAndEquipmentLineItems" xlink:type="locator" xlink:label="us-gaap_PropertyPlantAndEquipmentLineItems" />
    <label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Property Plant And Equipment [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentLineItems" xlink:to="us-gaap_PropertyPlantAndEquipmentLineItems_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Property Plant And Equipment [Line Items]</label>
    <label xml:lang="en-US" xlink:label="egy_PaymentToAcquireNoncontrollingInterest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Company acquired the noncontrolling interest amount</label>
    <label xml:lang="en-US" xlink:label="egy_PaymentToAcquireNoncontrollingInterest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Payment To Acquire Noncontrolling Interest</label>
    <label xml:lang="en-US" xlink:label="egy_NoncontrollingInterestOwnershipPercentageBeforeAcquisition_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Noncontrolling interest owned issued and outstanding common stock</label>
    <label xml:lang="en-US" xlink:label="egy_NoncontrollingInterestOwnershipPercentageBeforeAcquisition_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Noncontrolling Interest Ownership Percentage Before Acquisition</label>
    <loc xlink:href="egy-20141231.xsd#egy_BankGuaranteesForCustomsClearance" xlink:type="locator" xlink:label="egy_BankGuaranteesForCustomsClearance" />
    <label xml:lang="en-US" xlink:label="egy_BankGuaranteesForCustomsClearance_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Bank guarantees for customs clearance.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_BankGuaranteesForCustomsClearance" xlink:to="egy_BankGuaranteesForCustomsClearance_lbl" />
    <loc xlink:href="egy-20141231.xsd#egy_FundSecureForDrillingObligations" xlink:type="locator" xlink:label="egy_FundSecureForDrillingObligations" />
    <label xml:lang="en-US" xlink:label="egy_FundSecureForDrillingObligations_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Fund secure for drilling obligations.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_FundSecureForDrillingObligations" xlink:to="egy_FundSecureForDrillingObligations_lbl" />
    <loc xlink:href="egy-20141231.xsd#egy_FundsSecureForWellObligations" xlink:type="locator" xlink:label="egy_FundsSecureForWellObligations" />
    <label xml:lang="en-US" xlink:label="egy_FundsSecureForWellObligations_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Funds secure for well obligations.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_FundsSecureForWellObligations" xlink:to="egy_FundsSecureForWellObligations_lbl" />
    <loc xlink:href="egy-20141231.xsd#egy_NumberOfAdditionalWellObligations" xlink:type="locator" xlink:label="egy_NumberOfAdditionalWellObligations" />
    <label xml:lang="en-US" xlink:label="egy_NumberOfAdditionalWellObligations_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of additional well obligations.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_NumberOfAdditionalWellObligations" xlink:to="egy_NumberOfAdditionalWellObligations_lbl" />
    <label xml:lang="en-US" xlink:label="egy_BankGuaranteesForCustomsClearance_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Company&apos;s bank guarantees for customs clearance</label>
    <label xml:lang="en-US" xlink:label="egy_BankGuaranteesForCustomsClearance_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Bank Guarantees For Customs Clearance</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EscrowDeposit" xlink:type="locator" xlink:label="us-gaap_EscrowDeposit" />
    <label xml:lang="en-US" xlink:label="us-gaap_EscrowDeposit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Company&apos;s charter payment escrow</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EscrowDeposit" xlink:to="us-gaap_EscrowDeposit_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_EscrowDeposit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Escrow Deposit</label>
    <label xml:lang="en-US" xlink:label="egy_FundSecureForDrillingObligations_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Funds restricted to secure the Company&apos;s drilling obligation</label>
    <label xml:lang="en-US" xlink:label="egy_FundSecureForDrillingObligations_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Fund Secure For Drilling Obligations</label>
    <label xml:lang="en-US" xlink:label="egy_FundsSecureForWellObligations_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Funds secure for well obligations</label>
    <label xml:lang="en-US" xlink:label="egy_FundsSecureForWellObligations_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Funds Secure For Well Obligations</label>
    <label xml:lang="en-US" xlink:label="egy_NumberOfAdditionalWellObligations_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of additional well obligations</label>
    <label xml:lang="en-US" xlink:label="egy_NumberOfAdditionalWellObligations_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Additional Well Obligations</label>
    <loc xlink:href="egy-20141231.xsd#egy_CashEquivalentMaturityDescription" xlink:type="locator" xlink:label="egy_CashEquivalentMaturityDescription" />
    <label xml:lang="en-US" xlink:label="egy_CashEquivalentMaturityDescription_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Cash equivalent maturity description.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_CashEquivalentMaturityDescription" xlink:to="egy_CashEquivalentMaturityDescription_lbl" />
    <label xml:lang="en-US" xlink:label="egy_CashEquivalentMaturityDescription_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Date of maturity of certificates of deposit and commercial paper</label>
    <label xml:lang="en-US" xlink:label="egy_CashEquivalentMaturityDescription_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Cash Equivalent Maturity Description</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:type="locator" xlink:label="us-gaap_PropertyPlantAndEquipmentByTypeAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentByTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Property, Plant and Equipment, Type</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:to="us-gaap_PropertyPlantAndEquipmentByTypeAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentByTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Property Plant And Equipment By Type [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:type="locator" xlink:label="us-gaap_PropertyPlantAndEquipmentTypeDomain" />
    <label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentTypeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Property, Plant and Equipment, Type</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:to="us-gaap_PropertyPlantAndEquipmentTypeDomain_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentTypeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Property Plant And Equipment Type [Domain]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OfficeEquipmentMember" xlink:type="locator" xlink:label="us-gaap_OfficeEquipmentMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_OfficeEquipmentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Office Equipment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OfficeEquipmentMember" xlink:to="us-gaap_OfficeEquipmentMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_OfficeEquipmentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Office Equipment [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LeaseholdImprovementsMember" xlink:type="locator" xlink:label="us-gaap_LeaseholdImprovementsMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_LeaseholdImprovementsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Leasehold Improvements</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LeaseholdImprovementsMember" xlink:to="us-gaap_LeaseholdImprovementsMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_LeaseholdImprovementsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Leasehold Improvements [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RangeAxis" xlink:type="locator" xlink:label="us-gaap_RangeAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_RangeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Range</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RangeAxis" xlink:to="us-gaap_RangeAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_RangeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Range [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RangeMember" xlink:type="locator" xlink:label="us-gaap_RangeMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_RangeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Range</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RangeMember" xlink:to="us-gaap_RangeMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_RangeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Range [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MinimumMember" xlink:type="locator" xlink:label="us-gaap_MinimumMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_MinimumMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Minimum</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinimumMember" xlink:to="us-gaap_MinimumMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_MinimumMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Minimum [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MaximumMember" xlink:type="locator" xlink:label="us-gaap_MaximumMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_MaximumMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Maximum</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MaximumMember" xlink:to="us-gaap_MaximumMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_MaximumMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Maximum [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PropertyPlantAndEquipmentUsefulLife" xlink:type="locator" xlink:label="us-gaap_PropertyPlantAndEquipmentUsefulLife" />
    <label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentUsefulLife_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Estimated useful life</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentUsefulLife" xlink:to="us-gaap_PropertyPlantAndEquipmentUsefulLife_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentUsefulLife_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Property Plant And Equipment Useful Life</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ForeignCurrencyTransactionGainLossBeforeTax" xlink:type="locator" xlink:label="us-gaap_ForeignCurrencyTransactionGainLossBeforeTax" />
    <label xml:lang="en-US" xlink:label="us-gaap_ForeignCurrencyTransactionGainLossBeforeTax_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Gains or Loss on foreign currency transactions</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ForeignCurrencyTransactionGainLossBeforeTax" xlink:to="us-gaap_ForeignCurrencyTransactionGainLossBeforeTax_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ForeignCurrencyTransactionGainLossBeforeTax_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Foreign Currency Transaction Gain Loss Before Tax</label>
    <label xml:lang="en-US" xlink:label="us-gaap_ProvisionForDoubtfulAccounts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Bad debt expenses</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AllowanceForDoubtfulAccountsReceivable" xlink:type="locator" xlink:label="us-gaap_AllowanceForDoubtfulAccountsReceivable" />
    <label xml:lang="en-US" xlink:label="us-gaap_AllowanceForDoubtfulAccountsReceivable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodStartLabel">Allowance for Bad Debt, Beginning Balance</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AllowanceForDoubtfulAccountsReceivable" xlink:to="us-gaap_AllowanceForDoubtfulAccountsReceivable_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_AllowanceForDoubtfulAccountsReceivable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Allowance For Doubtful Accounts Receivable</label>
    <label xml:lang="en-US" xlink:label="us-gaap_ProvisionForDoubtfulAccounts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Allowance for Bad Debt, Charged to Costs and Expenses</label>
    <label xml:lang="en-US" xlink:label="us-gaap_AllowanceForDoubtfulAccountsReceivable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodEndLabel">Allowance for Bad Debt, Ending Balance</label>
    <loc xlink:href="egy-20141231.xsd#egy_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisablePeriod" xlink:type="locator" xlink:label="egy_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisablePeriod" />
    <label xml:lang="en-US" xlink:label="egy_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisablePeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Share based compensation arrangement by share based payment award options exercisable period.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisablePeriod" xlink:to="egy_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisablePeriod_lbl" />
    <loc xlink:href="egy-20141231.xsd#egy_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRemainderVestingPeriod" xlink:type="locator" xlink:label="egy_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRemainderVestingPeriod" />
    <label xml:lang="en-US" xlink:label="egy_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRemainderVestingPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Share based compensation arrangement by share based payment award award remainder vesting period.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRemainderVestingPeriod" xlink:to="egy_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRemainderVestingPeriod_lbl" />
    <label xml:lang="en-US" xlink:label="egy_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisablePeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock options granted, exercisable life</label>
    <label xml:lang="en-US" xlink:label="egy_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisablePeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Period</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" />
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    <label xml:lang="en-US" xlink:label="egy_UnitedStatesFederalAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">U.S. Federal:</label>
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    <label xml:lang="en-US" xlink:label="country_US_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">U S</label>
    <loc xlink:href="http://xbrl.sec.gov/country/2013/country-2013-01-31.xsd#country_GA" xlink:type="locator" xlink:label="country_GA" />
    <label xml:lang="en-US" xlink:label="country_GA_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Gabon</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_GA" xlink:to="country_GA_lbl" />
    <label xml:lang="en-US" xlink:label="country_GA_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">G A</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxExaminationLineItems" xlink:type="locator" xlink:label="us-gaap_IncomeTaxExaminationLineItems" />
    <label xml:lang="en-US" xlink:label="us-gaap_IncomeTaxExaminationLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Income Tax Examination [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxExaminationLineItems" xlink:to="us-gaap_IncomeTaxExaminationLineItems_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_IncomeTaxExaminationLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Income Tax Examination [Line Items]</label>
    <label xml:lang="en-US" xlink:label="egy_IncomeTaxExaminationOpenTaxYearAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Income Tax years subject to examination by major tax jurisdictions</label>
    <label xml:lang="en-US" xlink:label="egy_IncomeTaxExaminationOpenTaxYearAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Income Tax Examination Open Tax Year [Abstract]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxExaminationYearUnderExamination" xlink:type="locator" xlink:label="us-gaap_IncomeTaxExaminationYearUnderExamination" />
    <label xml:lang="en-US" xlink:label="us-gaap_IncomeTaxExaminationYearUnderExamination_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Income tax examination year under examination</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxExaminationYearUnderExamination" xlink:to="us-gaap_IncomeTaxExaminationYearUnderExamination_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_IncomeTaxExaminationYearUnderExamination_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Income Tax Examination Year Under Examination</label>
    <loc xlink:href="egy-20141231.xsd#egy_PeriodOfCharter" xlink:type="locator" xlink:label="egy_PeriodOfCharter" />
    <label xml:lang="en-US" xlink:label="egy_PeriodOfCharter_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Period of charter.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_PeriodOfCharter" xlink:to="egy_PeriodOfCharter_lbl" />
    <loc xlink:href="egy-20141231.xsd#egy_PercentageOfShareInCharterPayment" xlink:type="locator" xlink:label="egy_PercentageOfShareInCharterPayment" />
    <label xml:lang="en-US" xlink:label="egy_PercentageOfShareInCharterPayment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage of share in charter payment.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_PercentageOfShareInCharterPayment" xlink:to="egy_PercentageOfShareInCharterPayment_lbl" />
    <loc xlink:href="egy-20141231.xsd#egy_CommitmentsAndContingenciesLineItems" xlink:type="locator" xlink:label="egy_CommitmentsAndContingenciesLineItems" />
    <label xml:lang="en-US" xlink:label="egy_CommitmentsAndContingenciesLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Commitments And Contingencies Line Items</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_CommitmentsAndContingenciesLineItems" xlink:to="egy_CommitmentsAndContingenciesLineItems_lbl" />
    <loc xlink:href="egy-20141231.xsd#egy_CommitmentsAndContingenciesTable" xlink:type="locator" xlink:label="egy_CommitmentsAndContingenciesTable" />
    <label xml:lang="en-US" xlink:label="egy_CommitmentsAndContingenciesTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Commitments And Contingencies Table</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_CommitmentsAndContingenciesTable" xlink:to="egy_CommitmentsAndContingenciesTable_lbl" />
    <label xml:lang="en-US" xlink:label="egy_CommitmentsAndContingenciesTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Commitments And Contingencies [Table]</label>
    <label xml:lang="en-US" xlink:label="egy_CommitmentsAndContingenciesTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Commitments And Contingencies [Table]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementGeographicalAxis" xlink:type="locator" xlink:label="us-gaap_StatementGeographicalAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_StatementGeographicalAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Geographical</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementGeographicalAxis" xlink:to="us-gaap_StatementGeographicalAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_StatementGeographicalAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Statement Geographical [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentGeographicalDomain" xlink:type="locator" xlink:label="us-gaap_SegmentGeographicalDomain" />
    <label xml:lang="en-US" xlink:label="us-gaap_SegmentGeographicalDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Geographical</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SegmentGeographicalDomain" xlink:to="us-gaap_SegmentGeographicalDomain_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_SegmentGeographicalDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Segment Geographical [Domain]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementScenarioAxis" xlink:type="locator" xlink:label="us-gaap_StatementScenarioAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_StatementScenarioAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Scenario</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementScenarioAxis" xlink:to="us-gaap_StatementScenarioAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_StatementScenarioAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Statement Scenario [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:type="locator" xlink:label="us-gaap_ScenarioUnspecifiedDomain" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScenarioUnspecifiedDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Scenario, Unspecified</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScenarioUnspecifiedDomain" xlink:to="us-gaap_ScenarioUnspecifiedDomain_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScenarioUnspecifiedDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Scenario Unspecified [Domain]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScenarioForecastMember" xlink:type="locator" xlink:label="us-gaap_ScenarioForecastMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScenarioForecastMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Scenario, Forecast</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScenarioForecastMember" xlink:to="us-gaap_ScenarioForecastMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScenarioForecastMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Scenario Forecast [Member]</label>
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:type="locator" xlink:label="dei_LegalEntityAxis" />
    <label xml:lang="en-US" xlink:label="dei_LegalEntityAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Legal Entity</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LegalEntityAxis" xlink:to="dei_LegalEntityAxis_lbl" />
    <label xml:lang="en-US" xlink:label="dei_LegalEntityAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Legal Entity [Axis]</label>
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:type="locator" xlink:label="dei_EntityDomain" />
    <label xml:lang="en-US" xlink:label="dei_EntityDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityDomain" xlink:to="dei_EntityDomain_lbl" />
    <label xml:lang="en-US" xlink:label="dei_EntityDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity [Domain]</label>
    <loc xlink:href="egy-20141231.xsd#egy_OffshoreGabonMember" xlink:type="locator" xlink:label="egy_OffshoreGabonMember" />
    <label xml:lang="en-US" xlink:label="egy_OffshoreGabonMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Offshore Gabon.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_OffshoreGabonMember" xlink:to="egy_OffshoreGabonMember_lbl" />
    <label xml:lang="en-US" xlink:label="egy_OffshoreGabonMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Offshore Gabon</label>
    <label xml:lang="en-US" xlink:label="egy_OffshoreGabonMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Offshore Gabon [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OilAndGasDeliveryCommitmentsAndContractsAxis" xlink:type="locator" xlink:label="us-gaap_OilAndGasDeliveryCommitmentsAndContractsAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_OilAndGasDeliveryCommitmentsAndContractsAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Oil and Gas Delivery Commitments and Contracts</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OilAndGasDeliveryCommitmentsAndContractsAxis" xlink:to="us-gaap_OilAndGasDeliveryCommitmentsAndContractsAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_OilAndGasDeliveryCommitmentsAndContractsAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Oil And Gas Delivery Commitments And Contracts [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OilAndGasDeliveryCommitmentsAndContractsOilProducingPropertyDomain" xlink:type="locator" xlink:label="us-gaap_OilAndGasDeliveryCommitmentsAndContractsOilProducingPropertyDomain" />
    <label xml:lang="en-US" xlink:label="us-gaap_OilAndGasDeliveryCommitmentsAndContractsOilProducingPropertyDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Oil and Gas Delivery Commitments and Contracts, Oil Producing Property</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OilAndGasDeliveryCommitmentsAndContractsOilProducingPropertyDomain" xlink:to="us-gaap_OilAndGasDeliveryCommitmentsAndContractsOilProducingPropertyDomain_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_OilAndGasDeliveryCommitmentsAndContractsOilProducingPropertyDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Oil And Gas Delivery Commitments And Contracts Oil Producing Property [Domain]</label>
    <loc xlink:href="egy-20141231.xsd#egy_SeismicObligationMember" xlink:type="locator" xlink:label="egy_SeismicObligationMember" />
    <label xml:lang="en-US" xlink:label="egy_SeismicObligationMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Seismic Obligation</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_SeismicObligationMember" xlink:to="egy_SeismicObligationMember_lbl" />
    <label xml:lang="en-US" xlink:label="egy_SeismicObligationMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Seismic Obligation</label>
    <label xml:lang="en-US" xlink:label="egy_SeismicObligationMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Seismic Obligation [Member]</label>
    <loc xlink:href="http://xbrl.sec.gov/country/2013/country-2013-01-31.xsd#country_AO" xlink:type="locator" xlink:label="country_AO" />
    <label xml:lang="en-US" xlink:label="country_AO_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Angola</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_AO" xlink:to="country_AO_lbl" />
    <label xml:lang="en-US" xlink:label="country_AO_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">A O</label>
    <loc xlink:href="egy-20141231.xsd#egy_SubsequentExplorationPhaseMember" xlink:type="locator" xlink:label="egy_SubsequentExplorationPhaseMember" />
    <label xml:lang="en-US" xlink:label="egy_SubsequentExplorationPhaseMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Subsequent Exploration Phase [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_SubsequentExplorationPhaseMember" xlink:to="egy_SubsequentExplorationPhaseMember_lbl" />
    <label xml:lang="en-US" xlink:label="egy_SubsequentExplorationPhaseMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Subsequent Exploration Phase</label>
    <label xml:lang="en-US" xlink:label="egy_SubsequentExplorationPhaseMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Subsequent Exploration Phase [Member]</label>
    <loc xlink:href="egy-20141231.xsd#egy_WellOneMember" xlink:type="locator" xlink:label="egy_WellOneMember" />
    <label xml:lang="en-US" xlink:label="egy_WellOneMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Well One.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_WellOneMember" xlink:to="egy_WellOneMember_lbl" />
    <label xml:lang="en-US" xlink:label="egy_WellOneMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Well One</label>
    <label xml:lang="en-US" xlink:label="egy_WellOneMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Well One [Member]</label>
    <loc xlink:href="egy-20141231.xsd#egy_WellTwoMember" xlink:type="locator" xlink:label="egy_WellTwoMember" />
    <label xml:lang="en-US" xlink:label="egy_WellTwoMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Well Two.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_WellTwoMember" xlink:to="egy_WellTwoMember_lbl" />
    <label xml:lang="en-US" xlink:label="egy_WellTwoMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Well Two</label>
    <label xml:lang="en-US" xlink:label="egy_WellTwoMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Well Two [Member]</label>
    <loc xlink:href="egy-20141231.xsd#egy_WellThreeMember" xlink:type="locator" xlink:label="egy_WellThreeMember" />
    <label xml:lang="en-US" xlink:label="egy_WellThreeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Well Three.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_WellThreeMember" xlink:to="egy_WellThreeMember_lbl" />
    <label xml:lang="en-US" xlink:label="egy_WellThreeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Well Three</label>
    <label xml:lang="en-US" xlink:label="egy_WellThreeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Well Three [Member]</label>
    <loc xlink:href="egy-20141231.xsd#egy_WellFourMember" xlink:type="locator" xlink:label="egy_WellFourMember" />
    <label xml:lang="en-US" xlink:label="egy_WellFourMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Well Four.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_WellFourMember" xlink:to="egy_WellFourMember_lbl" />
    <label xml:lang="en-US" xlink:label="egy_WellFourMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Well Four</label>
    <label xml:lang="en-US" xlink:label="egy_WellFourMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Well Four [Member]</label>
    <loc xlink:href="egy-20141231.xsd#egy_TwoNewCommitmentsMember" xlink:type="locator" xlink:label="egy_TwoNewCommitmentsMember" />
    <label xml:lang="en-US" xlink:label="egy_TwoNewCommitmentsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Two New Commitments [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_TwoNewCommitmentsMember" xlink:to="egy_TwoNewCommitmentsMember_lbl" />
    <label xml:lang="en-US" xlink:label="egy_TwoNewCommitmentsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Two New Commitments</label>
    <label xml:lang="en-US" xlink:label="egy_TwoNewCommitmentsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Two New Commitments [Member]</label>
    <label xml:lang="en-US" xlink:label="egy_CommitmentsAndContingenciesLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Commitments And Contingencies [Line Items]</label>
    <label xml:lang="en-US" xlink:label="egy_CommitmentsAndContingenciesLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Commitments And Contingencies [Line Items]</label>
    <label xml:lang="en-US" xlink:label="egy_PeriodOfCharter_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Period of Charter</label>
    <label xml:lang="en-US" xlink:label="egy_PeriodOfCharter_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Period Of Charter</label>
    <label xml:lang="en-US" xlink:label="egy_PercentageOfShareInCharterPayment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Company s share of the charter payment</label>
    <label xml:lang="en-US" xlink:label="egy_PercentageOfShareInCharterPayment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Percentage Of Share In Charter Payment</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermPurchaseCommitmentTable" xlink:type="locator" xlink:label="us-gaap_LongTermPurchaseCommitmentTable" />
    <label xml:lang="en-US" xlink:label="us-gaap_LongTermPurchaseCommitmentTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Long Term Purchase Commitment [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermPurchaseCommitmentTable" xlink:to="us-gaap_LongTermPurchaseCommitmentTable_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_LongTermPurchaseCommitmentTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Long Term Purchase Commitment [Table]</label>
    <loc xlink:href="egy-20141231.xsd#egy_CompanyShareMember" xlink:type="locator" xlink:label="egy_CompanyShareMember" />
    <label xml:lang="en-US" xlink:label="egy_CompanyShareMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Company Share Member.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_CompanyShareMember" xlink:to="egy_CompanyShareMember_lbl" />
    <label xml:lang="en-US" xlink:label="egy_CompanyShareMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Company Share</label>
    <label xml:lang="en-US" xlink:label="egy_CompanyShareMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Company Share [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermPurchaseCommitmentLineItems" xlink:type="locator" xlink:label="us-gaap_LongTermPurchaseCommitmentLineItems" />
    <label xml:lang="en-US" xlink:label="us-gaap_LongTermPurchaseCommitmentLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Long Term Purchase Commitment [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermPurchaseCommitmentLineItems" xlink:to="us-gaap_LongTermPurchaseCommitmentLineItems_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_LongTermPurchaseCommitmentLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Long Term Purchase Commitment [Line Items]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ContractualObligationFiscalYearMaturityAbstract" xlink:type="locator" xlink:label="us-gaap_ContractualObligationFiscalYearMaturityAbstract" />
    <label xml:lang="en-US" xlink:label="us-gaap_ContractualObligationFiscalYearMaturityAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Estimated obligation and company share for annual charter payment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ContractualObligationFiscalYearMaturityAbstract" xlink:to="us-gaap_ContractualObligationFiscalYearMaturityAbstract_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ContractualObligationFiscalYearMaturityAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Contractual Obligation Fiscal Year Maturity [Abstract]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ContractualObligationDueInNextTwelveMonths" xlink:type="locator" xlink:label="us-gaap_ContractualObligationDueInNextTwelveMonths" />
    <label xml:lang="en-US" xlink:label="us-gaap_ContractualObligationDueInNextTwelveMonths_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Annual charter payment, 2015</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ContractualObligationDueInNextTwelveMonths" xlink:to="us-gaap_ContractualObligationDueInNextTwelveMonths_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ContractualObligationDueInNextTwelveMonths_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Contractual Obligation Due In Next Twelve Months</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ContractualObligationDueInSecondYear" xlink:type="locator" xlink:label="us-gaap_ContractualObligationDueInSecondYear" />
    <label xml:lang="en-US" xlink:label="us-gaap_ContractualObligationDueInSecondYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Annual charter payment, 2016</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ContractualObligationDueInSecondYear" xlink:to="us-gaap_ContractualObligationDueInSecondYear_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ContractualObligationDueInSecondYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Contractual Obligation Due In Second Year</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ContractualObligationDueInThirdYear" xlink:type="locator" xlink:label="us-gaap_ContractualObligationDueInThirdYear" />
    <label xml:lang="en-US" xlink:label="us-gaap_ContractualObligationDueInThirdYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Annual charter payment, 2017</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ContractualObligationDueInThirdYear" xlink:to="us-gaap_ContractualObligationDueInThirdYear_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ContractualObligationDueInThirdYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Contractual Obligation Due In Third Year</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ContractualObligationDueInFourthYear" xlink:type="locator" xlink:label="us-gaap_ContractualObligationDueInFourthYear" />
    <label xml:lang="en-US" xlink:label="us-gaap_ContractualObligationDueInFourthYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Annual charter payment, 2018</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ContractualObligationDueInFourthYear" xlink:to="us-gaap_ContractualObligationDueInFourthYear_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ContractualObligationDueInFourthYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Contractual Obligation Due In Fourth Year</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ContractualObligationDueInFifthYear" xlink:type="locator" xlink:label="us-gaap_ContractualObligationDueInFifthYear" />
    <label xml:lang="en-US" xlink:label="us-gaap_ContractualObligationDueInFifthYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Annual charter payment, 2019</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ContractualObligationDueInFifthYear" xlink:to="us-gaap_ContractualObligationDueInFifthYear_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ContractualObligationDueInFifthYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Contractual Obligation Due In Fifth Year</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ContractualObligationDueAfterFifthYear" xlink:type="locator" xlink:label="us-gaap_ContractualObligationDueAfterFifthYear" />
    <label xml:lang="en-US" xlink:label="us-gaap_ContractualObligationDueAfterFifthYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Annual charter payment, Thereafter</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ContractualObligationDueAfterFifthYear" xlink:to="us-gaap_ContractualObligationDueAfterFifthYear_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ContractualObligationDueAfterFifthYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Contractual Obligation Due After Fifth Year</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ContractualObligation" xlink:type="locator" xlink:label="us-gaap_ContractualObligation" />
    <label xml:lang="en-US" xlink:label="us-gaap_ContractualObligation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Annual charter payment, Total</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ContractualObligation" xlink:to="us-gaap_ContractualObligation_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ContractualObligation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Contractual Obligation</label>
    <loc xlink:href="egy-20141231.xsd#egy_GuaranteeObligationsCurrentFairValue" xlink:type="locator" xlink:label="egy_GuaranteeObligationsCurrentFairValue" />
    <label xml:lang="en-US" xlink:label="egy_GuaranteeObligationsCurrentFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Guarantee obligations current fair value.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_GuaranteeObligationsCurrentFairValue" xlink:to="egy_GuaranteeObligationsCurrentFairValue_lbl" />
    <label xml:lang="en-US" xlink:label="egy_GuaranteeObligationsCurrentFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Liabilities, guarantees&apos; fair value</label>
    <label xml:lang="en-US" xlink:label="egy_GuaranteeObligationsCurrentFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Guarantee Obligations Current Fair Value</label>
    <loc xlink:href="egy-20141231.xsd#egy_CharterFeePerBarrelForProductionLevelOne" xlink:type="locator" xlink:label="egy_CharterFeePerBarrelForProductionLevelOne" />
    <label xml:lang="en-US" xlink:label="egy_CharterFeePerBarrelForProductionLevelOne_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Charter fee per barrel for production level one.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_CharterFeePerBarrelForProductionLevelOne" xlink:to="egy_CharterFeePerBarrelForProductionLevelOne_lbl" />
    <loc xlink:href="egy-20141231.xsd#egy_CharterFeePerBarrelForProductionLevelTwo" xlink:type="locator" xlink:label="egy_CharterFeePerBarrelForProductionLevelTwo" />
    <label xml:lang="en-US" xlink:label="egy_CharterFeePerBarrelForProductionLevelTwo_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Charter fee per barrel for production level two.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_CharterFeePerBarrelForProductionLevelTwo" xlink:to="egy_CharterFeePerBarrelForProductionLevelTwo_lbl" />
    <loc xlink:href="egy-20141231.xsd#egy_CharterExpenses" xlink:type="locator" xlink:label="egy_CharterExpenses" />
    <label xml:lang="en-US" xlink:label="egy_CharterExpenses_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Charter expenses.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_CharterExpenses" xlink:to="egy_CharterExpenses_lbl" />
    <label xml:lang="en-US" xlink:label="egy_CharterFeePerBarrelForProductionLevelOne_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Charter fee for production up to 20,000 BOPD</label>
    <label xml:lang="en-US" xlink:label="egy_CharterFeePerBarrelForProductionLevelOne_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Charter Fee Per Barrel For Production Level One</label>
    <label xml:lang="en-US" xlink:label="egy_CharterFeePerBarrelForProductionLevelTwo_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Charter fee for those bbls produced in excess of 20,000 BOPD</label>
    <label xml:lang="en-US" xlink:label="egy_CharterFeePerBarrelForProductionLevelTwo_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Charter Fee Per Barrel For Production Level Two</label>
    <label xml:lang="en-US" xlink:label="egy_CharterExpenses_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Company&apos;s share of charter expense</label>
    <label xml:lang="en-US" xlink:label="egy_CharterExpenses_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Charter Expenses</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfOperatingLeasedAssetsTable" xlink:type="locator" xlink:label="us-gaap_ScheduleOfOperatingLeasedAssetsTable" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfOperatingLeasedAssetsTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule Of Operating Leased Assets [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfOperatingLeasedAssetsTable" xlink:to="us-gaap_ScheduleOfOperatingLeasedAssetsTable_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfOperatingLeasedAssetsTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Operating Leased Assets [Table]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasedAssetsLineItems" xlink:type="locator" xlink:label="us-gaap_OperatingLeasedAssetsLineItems" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasedAssetsLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Operating Leased Assets [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasedAssetsLineItems" xlink:to="us-gaap_OperatingLeasedAssetsLineItems_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasedAssetsLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Operating Leased Assets [Line Items]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract" xlink:type="locator" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other Lease Obligations for rentals</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Operating Leases Future Minimum Payments Due [Abstract]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent" xlink:type="locator" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Gross Obligation, 2015</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Operating Leases Future Minimum Payments Due Current</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:type="locator" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Gross Obligation, 2016</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Operating Leases Future Minimum Payments Due In Two Years</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears" xlink:type="locator" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Gross Obligation, 2017</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Operating Leases Future Minimum Payments Due In Three Years</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears" xlink:type="locator" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Gross Obligation, 2018</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Operating Leases Future Minimum Payments Due In Four Years</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears" xlink:type="locator" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Gross Obligation, 2019</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Operating Leases Future Minimum Payments Due In Five Years</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter" xlink:type="locator" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Gross Obligation, Thereafter</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Operating Leases Future Minimum Payments Due Thereafter</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDue" xlink:type="locator" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDue" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Gross Obligation, Total</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDue" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDue_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Operating Leases Future Minimum Payments Due</label>
    <loc xlink:href="egy-20141231.xsd#egy_NumberOfDrillingRigsContracts" xlink:type="locator" xlink:label="egy_NumberOfDrillingRigsContracts" />
    <label xml:lang="en-US" xlink:label="egy_NumberOfDrillingRigsContracts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Number Of Drilling Rigs Contracts.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_NumberOfDrillingRigsContracts" xlink:to="egy_NumberOfDrillingRigsContracts_lbl" />
    <loc xlink:href="egy-20141231.xsd#egy_DrillingRigCommitmentPeriod" xlink:type="locator" xlink:label="egy_DrillingRigCommitmentPeriod" />
    <label xml:lang="en-US" xlink:label="egy_DrillingRigCommitmentPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Drilling Rig Commitment Period.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_DrillingRigCommitmentPeriod" xlink:to="egy_DrillingRigCommitmentPeriod_lbl" />
    <loc xlink:href="egy-20141231.xsd#egy_DrillingRigDailyRate" xlink:type="locator" xlink:label="egy_DrillingRigDailyRate" />
    <label xml:lang="en-US" xlink:label="egy_DrillingRigDailyRate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Drilling Rig Daily Rate.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_DrillingRigDailyRate" xlink:to="egy_DrillingRigDailyRate_lbl" />
    <loc xlink:href="egy-20141231.xsd#egy_SecondDrillingRigContractExpectedWellDrillingPeriod" xlink:type="locator" xlink:label="egy_SecondDrillingRigContractExpectedWellDrillingPeriod" />
    <label xml:lang="en-US" xlink:label="egy_SecondDrillingRigContractExpectedWellDrillingPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Second Drilling Rig Contract Expected Well Drilling Period.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_SecondDrillingRigContractExpectedWellDrillingPeriod" xlink:to="egy_SecondDrillingRigContractExpectedWellDrillingPeriod_lbl" />
    <loc xlink:href="egy-20141231.xsd#egy_DrillingRigContractCommitmentPeriod" xlink:type="locator" xlink:label="egy_DrillingRigContractCommitmentPeriod" />
    <label xml:lang="en-US" xlink:label="egy_DrillingRigContractCommitmentPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Drilling Rig Contract Commitment Period.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_DrillingRigContractCommitmentPeriod" xlink:to="egy_DrillingRigContractCommitmentPeriod_lbl" />
    <label xml:lang="en-US" xlink:label="egy_NumberOfDrillingRigsContracts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of drilling rigs contracts</label>
    <label xml:lang="en-US" xlink:label="egy_NumberOfDrillingRigsContracts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Drilling Rigs Contracts</label>
    <label xml:lang="en-US" xlink:label="egy_DrillingRigCommitmentPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Drilling rig commitment period</label>
    <label xml:lang="en-US" xlink:label="egy_DrillingRigCommitmentPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Drilling Rig Commitment Period</label>
    <label xml:lang="en-US" xlink:label="egy_DrillingRigDailyRate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Drilling rig cost day rate</label>
    <label xml:lang="en-US" xlink:label="egy_DrillingRigDailyRate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Drilling Rig Daily Rate</label>
    <label xml:lang="en-US" xlink:label="egy_SecondDrillingRigContractExpectedWellDrillingPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Second drilling rig contract expected well drilling period</label>
    <label xml:lang="en-US" xlink:label="egy_SecondDrillingRigContractExpectedWellDrillingPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Second Drilling Rig Contract Expected Well Drilling Period</label>
    <label xml:lang="en-US" xlink:label="egy_DrillingRigContractCommitmentPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Second drilling rig contract commitment period</label>
    <label xml:lang="en-US" xlink:label="egy_DrillingRigContractCommitmentPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Drilling Rig Contract Commitment Period</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LeaseOperatingExpense" xlink:type="locator" xlink:label="us-gaap_LeaseOperatingExpense" />
    <label xml:lang="en-US" xlink:label="us-gaap_LeaseOperatingExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Rent expense, operating leases</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LeaseOperatingExpense" xlink:to="us-gaap_LeaseOperatingExpense_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_LeaseOperatingExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Lease Operating Expense</label>
    <loc xlink:href="egy-20141231.xsd#egy_DiscountOnMarketPrice" xlink:type="locator" xlink:label="egy_DiscountOnMarketPrice" />
    <label xml:lang="en-US" xlink:label="egy_DiscountOnMarketPrice_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Discount on market price.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_DiscountOnMarketPrice" xlink:to="egy_DiscountOnMarketPrice_lbl" />
    <loc xlink:href="egy-20141231.xsd#egy_PaymentsOfContractualObligation" xlink:type="locator" xlink:label="egy_PaymentsOfContractualObligation" />
    <label xml:lang="en-US" xlink:label="egy_PaymentsOfContractualObligation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Payments of contractual obligation.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_PaymentsOfContractualObligation" xlink:to="egy_PaymentsOfContractualObligation_lbl" />
    <loc xlink:href="egy-20141231.xsd#egy_AccruedContractualObligation" xlink:type="locator" xlink:label="egy_AccruedContractualObligation" />
    <label xml:lang="en-US" xlink:label="egy_AccruedContractualObligation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Accrued contractual obligation.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_AccruedContractualObligation" xlink:to="egy_AccruedContractualObligation_lbl" />
    <label xml:lang="en-US" xlink:label="egy_DiscountOnMarketPrice_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Discount</label>
    <label xml:lang="en-US" xlink:label="egy_DiscountOnMarketPrice_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Discount On Market Price</label>
    <label xml:lang="en-US" xlink:label="egy_PaymentsOfContractualObligation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Contractual Obligation Company Share</label>
    <label xml:lang="en-US" xlink:label="egy_PaymentsOfContractualObligation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Payments Of Contractual Obligation</label>
    <label xml:lang="en-US" xlink:label="egy_AccruedContractualObligation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Contractual Obligation accrued amount</label>
    <label xml:lang="en-US" xlink:label="egy_AccruedContractualObligation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Accrued Contractual Obligation</label>
    <loc xlink:href="egy-20141231.xsd#egy_AnnualFundingRelatedToProductionLicenseTerm" xlink:type="locator" xlink:label="egy_AnnualFundingRelatedToProductionLicenseTerm" />
    <label xml:lang="en-US" xlink:label="egy_AnnualFundingRelatedToProductionLicenseTerm_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Annual funding related to production license term.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_AnnualFundingRelatedToProductionLicenseTerm" xlink:to="egy_AnnualFundingRelatedToProductionLicenseTerm_lbl" />
    <loc xlink:href="egy-20141231.xsd#egy_PercentageOfAnnualFundingOverSevenYears" xlink:type="locator" xlink:label="egy_PercentageOfAnnualFundingOverSevenYears" />
    <label xml:lang="en-US" xlink:label="egy_PercentageOfAnnualFundingOverSevenYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage of annual funding over seven years.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_PercentageOfAnnualFundingOverSevenYears" xlink:to="egy_PercentageOfAnnualFundingOverSevenYears_lbl" />
    <loc xlink:href="egy-20141231.xsd#egy_PercentageOfAnnualFundingOverLastThreeYears" xlink:type="locator" xlink:label="egy_PercentageOfAnnualFundingOverLastThreeYears" />
    <label xml:lang="en-US" xlink:label="egy_PercentageOfAnnualFundingOverLastThreeYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage of annual funding over last three years.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_PercentageOfAnnualFundingOverLastThreeYears" xlink:to="egy_PercentageOfAnnualFundingOverLastThreeYears_lbl" />
    <loc xlink:href="egy-20141231.xsd#egy_EnvironmentalExitCostsAnticipatedCostGross" xlink:type="locator" xlink:label="egy_EnvironmentalExitCostsAnticipatedCostGross" />
    <label xml:lang="en-US" xlink:label="egy_EnvironmentalExitCostsAnticipatedCostGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Environmental exit costs anticipated cost gross.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_EnvironmentalExitCostsAnticipatedCostGross" xlink:to="egy_EnvironmentalExitCostsAnticipatedCostGross_lbl" />
    <loc xlink:href="egy-20141231.xsd#egy_AbandonmentCostRelatedToAnnualFunding" xlink:type="locator" xlink:label="egy_AbandonmentCostRelatedToAnnualFunding" />
    <label xml:lang="en-US" xlink:label="egy_AbandonmentCostRelatedToAnnualFunding_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Abandonment cost related to annual funding.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_AbandonmentCostRelatedToAnnualFunding" xlink:to="egy_AbandonmentCostRelatedToAnnualFunding_lbl" />
    <label xml:lang="en-US" xlink:label="egy_AnnualFundingRelatedToProductionLicenseTerm_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Annual funding related to production license, term</label>
    <label xml:lang="en-US" xlink:label="egy_AnnualFundingRelatedToProductionLicenseTerm_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Annual Funding Related To Production License Term</label>
    <label xml:lang="en-US" xlink:label="egy_PercentageOfAnnualFundingOverSevenYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Percentage of annual funding over seven years</label>
    <label xml:lang="en-US" xlink:label="egy_PercentageOfAnnualFundingOverSevenYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Percentage Of Annual Funding Over Seven Years</label>
    <label xml:lang="en-US" xlink:label="egy_PercentageOfAnnualFundingOverLastThreeYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Percentage of annual funding over last three years</label>
    <label xml:lang="en-US" xlink:label="egy_PercentageOfAnnualFundingOverLastThreeYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Percentage Of Annual Funding Over Last Three Years</label>
    <label xml:lang="en-US" xlink:label="egy_EnvironmentalExitCostsAnticipatedCostGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash funding arrangement for abandonment of the offshore wells, platforms and facilities</label>
    <label xml:lang="en-US" xlink:label="egy_EnvironmentalExitCostsAnticipatedCostGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Environmental Exit Costs Anticipated Cost Gross</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EnvironmentalExitCostsAnticipatedCost" xlink:type="locator" xlink:label="us-gaap_EnvironmentalExitCostsAnticipatedCost" />
    <label xml:lang="en-US" xlink:label="us-gaap_EnvironmentalExitCostsAnticipatedCost_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash funding arrangement for abandonment of the offshore wells, platforms and facilities net</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EnvironmentalExitCostsAnticipatedCost" xlink:to="us-gaap_EnvironmentalExitCostsAnticipatedCost_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_EnvironmentalExitCostsAnticipatedCost_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Environmental Exit Costs Anticipated Cost</label>
    <label xml:lang="en-US" xlink:label="egy_AbandonmentCostRelatedToAnnualFunding_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Abandonment cost related to annual funding</label>
    <label xml:lang="en-US" xlink:label="egy_AbandonmentCostRelatedToAnnualFunding_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Abandonment Cost Related To Annual Funding</label>
    <loc xlink:href="egy-20141231.xsd#egy_ReprocessArea" xlink:type="locator" xlink:label="egy_ReprocessArea" />
    <label xml:lang="en-US" xlink:label="egy_ReprocessArea_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Reprocess area.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_ReprocessArea" xlink:to="egy_ReprocessArea_lbl" />
    <loc xlink:href="egy-20141231.xsd#egy_NumberOfExplorationWellsOnProject" xlink:type="locator" xlink:label="egy_NumberOfExplorationWellsOnProject" />
    <label xml:lang="en-US" xlink:label="egy_NumberOfExplorationWellsOnProject_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of exploration wells on project.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_NumberOfExplorationWellsOnProject" xlink:to="egy_NumberOfExplorationWellsOnProject_lbl" />
    <loc xlink:href="egy-20141231.xsd#egy_CostRelatedToDrilling" xlink:type="locator" xlink:label="egy_CostRelatedToDrilling" />
    <label xml:lang="en-US" xlink:label="egy_CostRelatedToDrilling_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Cost related to drilling.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_CostRelatedToDrilling" xlink:to="egy_CostRelatedToDrilling_lbl" />
    <loc xlink:href="egy-20141231.xsd#egy_AreaUnderPropertyExplorationRights" xlink:type="locator" xlink:label="egy_AreaUnderPropertyExplorationRights" />
    <label xml:lang="en-US" xlink:label="egy_AreaUnderPropertyExplorationRights_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Area under acquire property exploration rights agreement term.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_AreaUnderPropertyExplorationRights" xlink:to="egy_AreaUnderPropertyExplorationRights_lbl" />
    <loc xlink:href="egy-20141231.xsd#egy_AcquisitionOfWorkingInterestInBlock" xlink:type="locator" xlink:label="egy_AcquisitionOfWorkingInterestInBlock" />
    <label xml:lang="en-US" xlink:label="egy_AcquisitionOfWorkingInterestInBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Joint operation agreement related to third party in working interest percentage.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_AcquisitionOfWorkingInterestInBlock" xlink:to="egy_AcquisitionOfWorkingInterestInBlock_lbl" />
    <loc xlink:href="egy-20141231.xsd#egy_AdditionalJointOperationAgreementRelatedToThirdPartyInWorkingInterestPercentage" xlink:type="locator" xlink:label="egy_AdditionalJointOperationAgreementRelatedToThirdPartyInWorkingInterestPercentage" />
    <label xml:lang="en-US" xlink:label="egy_AdditionalJointOperationAgreementRelatedToThirdPartyInWorkingInterestPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Additional joint operation agreement related to third party in working interest percentage.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_AdditionalJointOperationAgreementRelatedToThirdPartyInWorkingInterestPercentage" xlink:to="egy_AdditionalJointOperationAgreementRelatedToThirdPartyInWorkingInterestPercentage_lbl" />
    <loc xlink:href="egy-20141231.xsd#egy_ExplorationRightsAgreementTerm" xlink:type="locator" xlink:label="egy_ExplorationRightsAgreementTerm" />
    <label xml:lang="en-US" xlink:label="egy_ExplorationRightsAgreementTerm_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Production license agreement term.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_ExplorationRightsAgreementTerm" xlink:to="egy_ExplorationRightsAgreementTerm_lbl" />
    <loc xlink:href="egy-20141231.xsd#egy_ProductionLicenseAgreementTermExtendedByGovernment" xlink:type="locator" xlink:label="egy_ProductionLicenseAgreementTermExtendedByGovernment" />
    <label xml:lang="en-US" xlink:label="egy_ProductionLicenseAgreementTermExtendedByGovernment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Production license agreement term extended by government.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_ProductionLicenseAgreementTermExtendedByGovernment" xlink:to="egy_ProductionLicenseAgreementTermExtendedByGovernment_lbl" />
    <loc xlink:href="egy-20141231.xsd#egy_DrillingCostToCompany" xlink:type="locator" xlink:label="egy_DrillingCostToCompany" />
    <label xml:lang="en-US" xlink:label="egy_DrillingCostToCompany_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Drilling cost to company.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_DrillingCostToCompany" xlink:to="egy_DrillingCostToCompany_lbl" />
    <loc xlink:href="egy-20141231.xsd#egy_SeismicObligationCostToCompany" xlink:type="locator" xlink:label="egy_SeismicObligationCostToCompany" />
    <label xml:lang="en-US" xlink:label="egy_SeismicObligationCostToCompany_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Seismic obligation cost to company.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_SeismicObligationCostToCompany" xlink:to="egy_SeismicObligationCostToCompany_lbl" />
    <loc xlink:href="egy-20141231.xsd#egy_CostRelatedToSeismicObligationGross" xlink:type="locator" xlink:label="egy_CostRelatedToSeismicObligationGross" />
    <label xml:lang="en-US" xlink:label="egy_CostRelatedToSeismicObligationGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Cost related to seismic obligation gross.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_CostRelatedToSeismicObligationGross" xlink:to="egy_CostRelatedToSeismicObligationGross_lbl" />
    <label xml:lang="en-US" xlink:label="egy_ReprocessArea_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Length of acquired property</label>
    <label xml:lang="en-US" xlink:label="egy_ReprocessArea_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Reprocess Area</label>
    <label xml:lang="en-US" xlink:label="egy_NumberOfExplorationWellsOnProject_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Number of exploration wells</label>
    <label xml:lang="en-US" xlink:label="egy_NumberOfExplorationWellsOnProject_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Exploration Wells On Project</label>
    <label xml:lang="en-US" xlink:label="egy_CostRelatedToDrilling_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Cost related to drilling</label>
    <label xml:lang="en-US" xlink:label="egy_CostRelatedToDrilling_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Cost Related To Drilling</label>
    <label xml:lang="en-US" xlink:label="egy_AreaUnderPropertyExplorationRights_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Area under acquire property exploration rights agreement term</label>
    <label xml:lang="en-US" xlink:label="egy_AreaUnderPropertyExplorationRights_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Area Under Property Exploration Rights</label>
    <label xml:lang="en-US" xlink:label="egy_AcquisitionOfWorkingInterestInBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Joint operation agreement related to third party in working interest percentage</label>
    <label xml:lang="en-US" xlink:label="egy_AcquisitionOfWorkingInterestInBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Acquisition Of Working Interest In Block</label>
    <label xml:lang="en-US" xlink:label="egy_AdditionalJointOperationAgreementRelatedToThirdPartyInWorkingInterestPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Additional joint operation agreement related to third party in working interest percentage</label>
    <label xml:lang="en-US" xlink:label="egy_AdditionalJointOperationAgreementRelatedToThirdPartyInWorkingInterestPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Additional Joint Operation Agreement Related To Third Party In Working Interest Percentage</label>
    <label xml:lang="en-US" xlink:label="egy_ExplorationRightsAgreementTerm_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Production license agreement term</label>
    <label xml:lang="en-US" xlink:label="egy_ExplorationRightsAgreementTerm_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Exploration Rights Agreement Term</label>
    <label xml:lang="en-US" xlink:label="egy_ProductionLicenseAgreementTermExtendedByGovernment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Production license agreement term extended by government</label>
    <label xml:lang="en-US" xlink:label="egy_ProductionLicenseAgreementTermExtendedByGovernment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Production License Agreement Term Extended By Government</label>
    <label xml:lang="en-US" xlink:label="egy_DrillingCostToCompany_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Drilling cost to company</label>
    <label xml:lang="en-US" xlink:label="egy_DrillingCostToCompany_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Drilling Cost To Company</label>
    <label xml:lang="en-US" xlink:label="egy_SeismicObligationCostToCompany_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Seismic obligation cost to company</label>
    <label xml:lang="en-US" xlink:label="egy_SeismicObligationCostToCompany_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Seismic Obligation Cost To Company</label>
    <label xml:lang="en-US" xlink:label="egy_CostRelatedToSeismicObligationGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Cost related to seismic obligation, gross</label>
    <label xml:lang="en-US" xlink:label="egy_CostRelatedToSeismicObligationGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Cost Related To Seismic Obligation Gross</label>
    <loc xlink:href="egy-20141231.xsd#egy_ExtendedDrillingPeriod" xlink:type="locator" xlink:label="egy_ExtendedDrillingPeriod" />
    <label xml:lang="en-US" xlink:label="egy_ExtendedDrillingPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Extended drilling period.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_ExtendedDrillingPeriod" xlink:to="egy_ExtendedDrillingPeriod_lbl" />
    <label xml:lang="en-US" xlink:label="egy_ExtendedDrillingPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Extended drilling period</label>
    <label xml:lang="en-US" xlink:label="egy_ExtendedDrillingPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Extended Drilling Period</label>
    <loc xlink:href="egy-20141231.xsd#egy_PercentageOfWorkingInterestForAmountsOwned" xlink:type="locator" xlink:label="egy_PercentageOfWorkingInterestForAmountsOwned" />
    <label xml:lang="en-US" xlink:label="egy_PercentageOfWorkingInterestForAmountsOwned_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage of working interest for amounts owned.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_PercentageOfWorkingInterestForAmountsOwned" xlink:to="egy_PercentageOfWorkingInterestForAmountsOwned_lbl" />
    <label xml:lang="en-US" xlink:label="egy_PercentageOfWorkingInterestForAmountsOwned_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of working interest for amounts owned</label>
    <label xml:lang="en-US" xlink:label="egy_PercentageOfWorkingInterestForAmountsOwned_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Percentage Of Working Interest For Amounts Owned</label>
    <loc xlink:href="egy-20141231.xsd#egy_ExplorationNewExpiryDate" xlink:type="locator" xlink:label="egy_ExplorationNewExpiryDate" />
    <label xml:lang="en-US" xlink:label="egy_ExplorationNewExpiryDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Exploration new expiry date.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_ExplorationNewExpiryDate" xlink:to="egy_ExplorationNewExpiryDate_lbl" />
    <loc xlink:href="egy-20141231.xsd#egy_NumberOfAdditionalExplorationWells" xlink:type="locator" xlink:label="egy_NumberOfAdditionalExplorationWells" />
    <label xml:lang="en-US" xlink:label="egy_NumberOfAdditionalExplorationWells_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of additional exploration wells.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_NumberOfAdditionalExplorationWells" xlink:to="egy_NumberOfAdditionalExplorationWells_lbl" />
    <label xml:lang="en-US" xlink:label="egy_ExplorationNewExpiryDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Exploration activities new expiry date</label>
    <label xml:lang="en-US" xlink:label="egy_ExplorationNewExpiryDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Exploration New Expiry Date</label>
    <label xml:lang="en-US" xlink:label="egy_NumberOfAdditionalExplorationWells_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of additional exploration wells due to exploration period extension</label>
    <label xml:lang="en-US" xlink:label="egy_NumberOfAdditionalExplorationWells_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Additional Exploration Wells</label>
    <loc xlink:href="egy-20141231.xsd#egy_AssessmentOfExplorationOfProject" xlink:type="locator" xlink:label="egy_AssessmentOfExplorationOfProject" />
    <label xml:lang="en-US" xlink:label="egy_AssessmentOfExplorationOfProject_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Assessment of the exploration of project.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_AssessmentOfExplorationOfProject" xlink:to="egy_AssessmentOfExplorationOfProject_lbl" />
    <loc xlink:href="egy-20141231.xsd#egy_AssessmentOfExplorationNet" xlink:type="locator" xlink:label="egy_AssessmentOfExplorationNet" />
    <label xml:lang="en-US" xlink:label="egy_AssessmentOfExplorationNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Assessment Of Exploration Net.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_AssessmentOfExplorationNet" xlink:to="egy_AssessmentOfExplorationNet_lbl" />
    <label xml:lang="en-US" xlink:label="egy_AssessmentOfExplorationOfProject_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total assessment of the exploration</label>
    <label xml:lang="en-US" xlink:label="egy_AssessmentOfExplorationOfProject_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Assessment Of Exploration Of Project</label>
    <label xml:lang="en-US" xlink:label="egy_AssessmentOfExplorationNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Assessment net to VAALCO</label>
    <label xml:lang="en-US" xlink:label="egy_AssessmentOfExplorationNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Assessment Of Exploration Net</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RestrictedCashAndCashEquivalents" xlink:type="locator" xlink:label="us-gaap_RestrictedCashAndCashEquivalents" />
    <label xml:lang="en-US" xlink:label="us-gaap_RestrictedCashAndCashEquivalents_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Recorded restricted cash</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RestrictedCashAndCashEquivalents" xlink:to="us-gaap_RestrictedCashAndCashEquivalents_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_RestrictedCashAndCashEquivalents_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Restricted Cash And Cash Equivalents</label>
    <loc xlink:href="egy-20141231.xsd#egy_NumberOfWellSatisfyingWellObligation" xlink:type="locator" xlink:label="egy_NumberOfWellSatisfyingWellObligation" />
    <label xml:lang="en-US" xlink:label="egy_NumberOfWellSatisfyingWellObligation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of well satisfying well obligation.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_NumberOfWellSatisfyingWellObligation" xlink:to="egy_NumberOfWellSatisfyingWellObligation_lbl" />
    <label xml:lang="en-US" xlink:label="egy_NumberOfWellSatisfyingWellObligation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of well satisfying well obligation</label>
    <label xml:lang="en-US" xlink:label="egy_NumberOfWellSatisfyingWellObligation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Well Satisfying Well Obligation</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DecreaseInRestrictedCash" xlink:type="locator" xlink:label="us-gaap_DecreaseInRestrictedCash" />
    <label xml:lang="en-US" xlink:label="us-gaap_DecreaseInRestrictedCash_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Decrease in restricted cash</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DecreaseInRestrictedCash" xlink:to="us-gaap_DecreaseInRestrictedCash_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_DecreaseInRestrictedCash_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Decrease In Restricted Cash</label>
    <loc xlink:href="egy-20141231.xsd#egy_LineOfCreditFacilityMaturityPeriod" xlink:type="locator" xlink:label="egy_LineOfCreditFacilityMaturityPeriod" />
    <label xml:lang="en-US" xlink:label="egy_LineOfCreditFacilityMaturityPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Line Of Credit Facility Maturity Period.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_LineOfCreditFacilityMaturityPeriod" xlink:to="egy_LineOfCreditFacilityMaturityPeriod_lbl" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LineOfCreditFacilityTable" xlink:type="locator" xlink:label="us-gaap_LineOfCreditFacilityTable" />
    <label xml:lang="en-US" xlink:label="us-gaap_LineOfCreditFacilityTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Line Of Credit Facility [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityTable" xlink:to="us-gaap_LineOfCreditFacilityTable_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_LineOfCreditFacilityTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Line Of Credit Facility [Table]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongtermDebtTypeAxis" xlink:type="locator" xlink:label="us-gaap_LongtermDebtTypeAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_LongtermDebtTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Long-term Debt, Type</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongtermDebtTypeAxis" xlink:to="us-gaap_LongtermDebtTypeAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_LongtermDebtTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Longterm Debt Type [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongtermDebtTypeDomain" xlink:type="locator" xlink:label="us-gaap_LongtermDebtTypeDomain" />
    <label xml:lang="en-US" xlink:label="us-gaap_LongtermDebtTypeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Long-term Debt, Type</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongtermDebtTypeDomain" xlink:to="us-gaap_LongtermDebtTypeDomain_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_LongtermDebtTypeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Longterm Debt Type [Domain]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SeniorNotesMember" xlink:type="locator" xlink:label="us-gaap_SeniorNotesMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_SeniorNotesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Senior Tranche</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SeniorNotesMember" xlink:to="us-gaap_SeniorNotesMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_SeniorNotesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Senior Notes [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SubordinatedDebtMember" xlink:type="locator" xlink:label="us-gaap_SubordinatedDebtMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_SubordinatedDebtMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Subordinated Tranche</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubordinatedDebtMember" xlink:to="us-gaap_SubordinatedDebtMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_SubordinatedDebtMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Subordinated Debt [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableRateAxis" xlink:type="locator" xlink:label="us-gaap_VariableRateAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_VariableRateAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Variable Rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_VariableRateAxis" xlink:to="us-gaap_VariableRateAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_VariableRateAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Variable Rate [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableRateDomain" xlink:type="locator" xlink:label="us-gaap_VariableRateDomain" />
    <label xml:lang="en-US" xlink:label="us-gaap_VariableRateDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Variable Rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_VariableRateDomain" xlink:to="us-gaap_VariableRateDomain_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_VariableRateDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Variable Rate [Domain]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LondonInterbankOfferedRateLIBORMember" xlink:type="locator" xlink:label="us-gaap_LondonInterbankOfferedRateLIBORMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_LondonInterbankOfferedRateLIBORMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">London Interbank Offered Rate (LIBOR)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LondonInterbankOfferedRateLIBORMember" xlink:to="us-gaap_LondonInterbankOfferedRateLIBORMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_LondonInterbankOfferedRateLIBORMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">London Interbank Offered Rate L I B O R [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LineOfCreditFacilityLineItems" xlink:type="locator" xlink:label="us-gaap_LineOfCreditFacilityLineItems" />
    <label xml:lang="en-US" xlink:label="us-gaap_LineOfCreditFacilityLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Line Of Credit Facility [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityLineItems" xlink:to="us-gaap_LineOfCreditFacilityLineItems_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_LineOfCreditFacilityLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Line Of Credit Facility [Line Items]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:type="locator" xlink:label="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" />
    <label xml:lang="en-US" xlink:label="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Maximum borrowing capacity under loan agreement</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:to="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Line Of Credit Facility Maximum Borrowing Capacity</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LineOfCredit" xlink:type="locator" xlink:label="us-gaap_LineOfCredit" />
    <label xml:lang="en-US" xlink:label="us-gaap_LineOfCredit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Borrowings under credit facility</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCredit" xlink:to="us-gaap_LineOfCredit_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_LineOfCredit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Line Of Credit</label>
    <label xml:lang="en-US" xlink:label="egy_LineOfCreditFacilityMaturityPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt maturity period</label>
    <label xml:lang="en-US" xlink:label="egy_LineOfCreditFacilityMaturityPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Line Of Credit Facility Maturity Period</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LineOfCreditFacilityInterestRateDuringPeriod" xlink:type="locator" xlink:label="us-gaap_LineOfCreditFacilityInterestRateDuringPeriod" />
    <label xml:lang="en-US" xlink:label="us-gaap_LineOfCreditFacilityInterestRateDuringPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Average interest rate on bank debt</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_LineOfCreditFacilityInterestRateDuringPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Line Of Credit Facility Interest Rate During Period</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PledgedAssetsNotSeparatelyReportedOnStatementOfFinancialPosition" xlink:type="locator" xlink:label="us-gaap_PledgedAssetsNotSeparatelyReportedOnStatementOfFinancialPosition" />
    <label xml:lang="en-US" xlink:label="us-gaap_PledgedAssetsNotSeparatelyReportedOnStatementOfFinancialPosition_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net assets pledged for secured debt facility</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_PledgedAssetsNotSeparatelyReportedOnStatementOfFinancialPosition_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Pledged Assets Not Separately Reported On Statement Of Financial Position</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentIncreaseDecreaseForPeriodNet" xlink:type="locator" xlink:label="us-gaap_DebtInstrumentIncreaseDecreaseForPeriodNet" />
    <label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentIncreaseDecreaseForPeriodNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Decrease in debt instrument</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentIncreaseDecreaseForPeriodNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument Increase Decrease For Period Net</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentIncreaseDecreaseForPeriodDescription" xlink:type="locator" xlink:label="us-gaap_DebtInstrumentIncreaseDecreaseForPeriodDescription" />
    <label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentIncreaseDecreaseForPeriodDescription_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt instrument decrease period description</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentIncreaseDecreaseForPeriodDescription" xlink:to="us-gaap_DebtInstrumentIncreaseDecreaseForPeriodDescription_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentIncreaseDecreaseForPeriodDescription_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument Increase Decrease For Period Description</label>
    <loc xlink:href="egy-20141231.xsd#egy_DebtInstrumentCommitmentFee" xlink:type="locator" xlink:label="egy_DebtInstrumentCommitmentFee" />
    <label xml:lang="en-US" xlink:label="egy_DebtInstrumentCommitmentFee_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Debt instrument commitment fee.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_DebtInstrumentCommitmentFee" xlink:to="egy_DebtInstrumentCommitmentFee_lbl" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:type="locator" xlink:label="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" />
    <label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt instrument interest rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:to="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument Basis Spread On Variable Rate1</label>
    <label xml:lang="en-US" xlink:label="egy_DebtInstrumentCommitmentFee_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt instrument, commitment fee</label>
    <label xml:lang="en-US" xlink:label="egy_DebtInstrumentCommitmentFee_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument Commitment Fee</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity" xlink:type="locator" xlink:label="us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity" />
    <label xml:lang="en-US" xlink:label="us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Credit facility borrowing base</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity" xlink:to="us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Line Of Credit Facility Current Borrowing Capacity</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RatioOfIndebtednessToNetCapital1" xlink:type="locator" xlink:label="us-gaap_RatioOfIndebtednessToNetCapital1" />
    <label xml:lang="en-US" xlink:label="us-gaap_RatioOfIndebtednessToNetCapital1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Ratio Of Indebtedness To Net Capital</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RatioOfIndebtednessToNetCapital1" xlink:to="us-gaap_RatioOfIndebtednessToNetCapital1_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_RatioOfIndebtednessToNetCapital1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Ratio Of Indebtedness To Net Capital1</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueInputsEarningsBeforeInterestTaxesDepreciationAndAmortizationMultiple" xlink:type="locator" xlink:label="us-gaap_FairValueInputsEarningsBeforeInterestTaxesDepreciationAndAmortizationMultiple" />
    <label xml:lang="en-US" xlink:label="us-gaap_FairValueInputsEarningsBeforeInterestTaxesDepreciationAndAmortizationMultiple_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value Inputs Earnings Before Interest Taxes Depreciation And Amortization Multiple</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueInputsEarningsBeforeInterestTaxesDepreciationAndAmortizationMultiple" xlink:to="us-gaap_FairValueInputsEarningsBeforeInterestTaxesDepreciationAndAmortizationMultiple_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_FairValueInputsEarningsBeforeInterestTaxesDepreciationAndAmortizationMultiple_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Inputs Earnings Before Interest Taxes Depreciation And Amortization Multiple</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestCostsCapitalized" xlink:type="locator" xlink:label="us-gaap_InterestCostsCapitalized" />
    <label xml:lang="en-US" xlink:label="us-gaap_InterestCostsCapitalized_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestCostsCapitalized" xlink:to="us-gaap_InterestCostsCapitalized_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_InterestCostsCapitalized_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Interest Costs Capitalized</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalizedCostsRelatingToOilAndGasProducingActivitiesByGeographicAreaTable" xlink:type="locator" xlink:label="us-gaap_CapitalizedCostsRelatingToOilAndGasProducingActivitiesByGeographicAreaTable" />
    <label xml:lang="en-US" xlink:label="us-gaap_CapitalizedCostsRelatingToOilAndGasProducingActivitiesByGeographicAreaTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Capitalized Costs Relating To Oil And Gas Producing Activities By Geographic Area [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CapitalizedCostsRelatingToOilAndGasProducingActivitiesByGeographicAreaTable" xlink:to="us-gaap_CapitalizedCostsRelatingToOilAndGasProducingActivitiesByGeographicAreaTable_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_CapitalizedCostsRelatingToOilAndGasProducingActivitiesByGeographicAreaTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Capitalized Costs Relating To Oil And Gas Producing Activities By Geographic Area [Table]</label>
    <loc xlink:href="egy-20141231.xsd#egy_FieldOneMember" xlink:type="locator" xlink:label="egy_FieldOneMember" />
    <label xml:lang="en-US" xlink:label="egy_FieldOneMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Field one.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_FieldOneMember" xlink:to="egy_FieldOneMember_lbl" />
    <label xml:lang="en-US" xlink:label="egy_FieldOneMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Etame Marin</label>
    <label xml:lang="en-US" xlink:label="egy_FieldOneMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Field One [Member]</label>
    <loc xlink:href="egy-20141231.xsd#egy_SoutheastEtameFieldMember" xlink:type="locator" xlink:label="egy_SoutheastEtameFieldMember" />
    <label xml:lang="en-US" xlink:label="egy_SoutheastEtameFieldMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Southeast etame field.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_SoutheastEtameFieldMember" xlink:to="egy_SoutheastEtameFieldMember_lbl" />
    <label xml:lang="en-US" xlink:label="egy_SoutheastEtameFieldMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Southeast Etame Field</label>
    <label xml:lang="en-US" xlink:label="egy_SoutheastEtameFieldMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Southeast Etame Field [Member]</label>
    <loc xlink:href="egy-20141231.xsd#egy_MutambaIroruMember" xlink:type="locator" xlink:label="egy_MutambaIroruMember" />
    <label xml:lang="en-US" xlink:label="egy_MutambaIroruMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Mutamba iroru.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_MutambaIroruMember" xlink:to="egy_MutambaIroruMember_lbl" />
    <label xml:lang="en-US" xlink:label="egy_MutambaIroruMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mutamba Iroru</label>
    <label xml:lang="en-US" xlink:label="egy_MutambaIroruMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Mutamba Iroru [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalizedCostsRelatingToOilAndGasProducingActivitiesByGeographicAreaLineItems" xlink:type="locator" xlink:label="us-gaap_CapitalizedCostsRelatingToOilAndGasProducingActivitiesByGeographicAreaLineItems" />
    <label xml:lang="en-US" xlink:label="us-gaap_CapitalizedCostsRelatingToOilAndGasProducingActivitiesByGeographicAreaLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Capitalized Costs Relating To Oil And Gas Producing Activities By Geographic Area [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CapitalizedCostsRelatingToOilAndGasProducingActivitiesByGeographicAreaLineItems" xlink:to="us-gaap_CapitalizedCostsRelatingToOilAndGasProducingActivitiesByGeographicAreaLineItems_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_CapitalizedCostsRelatingToOilAndGasProducingActivitiesByGeographicAreaLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Capitalized Costs Relating To Oil And Gas Producing Activities By Geographic Area [Line Items]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalizedExploratoryWellCostsInterimSignificantChange" xlink:type="locator" xlink:label="us-gaap_CapitalizedExploratoryWellCostsInterimSignificantChange" />
    <label xml:lang="en-US" xlink:label="us-gaap_CapitalizedExploratoryWellCostsInterimSignificantChange_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accounting Standard Code for Extractive Industries followed for capitalization purposes - ASC Topic 932</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CapitalizedExploratoryWellCostsInterimSignificantChange" xlink:to="us-gaap_CapitalizedExploratoryWellCostsInterimSignificantChange_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_CapitalizedExploratoryWellCostsInterimSignificantChange_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Capitalized Exploratory Well Costs Interim Significant Change</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodOfOneYearOrLess" xlink:type="locator" xlink:label="us-gaap_CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodOfOneYearOrLess" />
    <label xml:lang="en-US" xlink:label="us-gaap_CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodOfOneYearOrLess_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Capitalized exploratory well costs that have been capitalized for a period less than one year</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodOfOneYearOrLess" xlink:to="us-gaap_CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodOfOneYearOrLess_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodOfOneYearOrLess_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Capitalized Exploratory Well Costs That Have Been Capitalized For Period Of One Year Or Less</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear" xlink:type="locator" xlink:label="us-gaap_CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear" />
    <label xml:lang="en-US" xlink:label="us-gaap_CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Capitalized exploratory well costs that have been capitalized for a period greater than one year</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear" xlink:to="us-gaap_CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Capitalized Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalizedExploratoryWellCosts" xlink:type="locator" xlink:label="us-gaap_CapitalizedExploratoryWellCosts" />
    <label xml:lang="en-US" xlink:label="us-gaap_CapitalizedExploratoryWellCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CapitalizedExploratoryWellCosts" xlink:to="us-gaap_CapitalizedExploratoryWellCosts_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_CapitalizedExploratoryWellCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Capitalized Exploratory Well Costs</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProjectsThatHaveExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear" xlink:type="locator" xlink:label="us-gaap_ProjectsThatHaveExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear" />
    <label xml:lang="en-US" xlink:label="us-gaap_ProjectsThatHaveExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of exploratory wells that have been capitalized for a period greater than one year</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProjectsThatHaveExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear" xlink:to="us-gaap_ProjectsThatHaveExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ProjectsThatHaveExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Projects That Have Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year</label>
    <loc xlink:href="egy-20141231.xsd#egy_NumberOfSideTracks" xlink:type="locator" xlink:label="egy_NumberOfSideTracks" />
    <label xml:lang="en-US" xlink:label="egy_NumberOfSideTracks_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of side tracks.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_NumberOfSideTracks" xlink:to="egy_NumberOfSideTracks_lbl" />
    <loc xlink:href="egy-20141231.xsd#egy_AreaOfSandOfOil" xlink:type="locator" xlink:label="egy_AreaOfSandOfOil" />
    <label xml:lang="en-US" xlink:label="egy_AreaOfSandOfOil_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Area of sand of oil.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_AreaOfSandOfOil" xlink:to="egy_AreaOfSandOfOil_lbl" />
    <label xml:lang="en-US" xlink:label="egy_NumberOfSideTracks_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of side tracks</label>
    <label xml:lang="en-US" xlink:label="egy_NumberOfSideTracks_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Side Tracks</label>
    <label xml:lang="en-US" xlink:label="egy_AreaOfSandOfOil_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Area of sand of oil</label>
    <label xml:lang="en-US" xlink:label="egy_AreaOfSandOfOil_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Area Of Sand Of Oil</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalizedExploratoryWellCostAdditionsPendingDeterminationOfProvedReserves" xlink:type="locator" xlink:label="us-gaap_CapitalizedExploratoryWellCostAdditionsPendingDeterminationOfProvedReserves" />
    <label xml:lang="en-US" xlink:label="us-gaap_CapitalizedExploratoryWellCostAdditionsPendingDeterminationOfProvedReserves_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Capitalization on development plan</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CapitalizedExploratoryWellCostAdditionsPendingDeterminationOfProvedReserves" xlink:to="us-gaap_CapitalizedExploratoryWellCostAdditionsPendingDeterminationOfProvedReserves_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_CapitalizedExploratoryWellCostAdditionsPendingDeterminationOfProvedReserves_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Capitalized Exploratory Well Cost Additions Pending Determination Of Proved Reserves</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CompensationAndRetirementDisclosureAbstract" xlink:type="locator" xlink:label="us-gaap_CompensationAndRetirementDisclosureAbstract" />
    <label xml:lang="en-US" xlink:label="us-gaap_CompensationAndRetirementDisclosureAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Compensation And Retirement Disclosure [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CompensationAndRetirementDisclosureAbstract" xlink:to="us-gaap_CompensationAndRetirementDisclosureAbstract_lbl" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PensionAndOtherPostretirementBenefitExpense" xlink:type="locator" xlink:label="us-gaap_PensionAndOtherPostretirementBenefitExpense" />
    <label xml:lang="en-US" xlink:label="us-gaap_PensionAndOtherPostretirementBenefitExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Costs incurred for administering employee plan</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PensionAndOtherPostretirementBenefitExpense" xlink:to="us-gaap_PensionAndOtherPostretirementBenefitExpense_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_PensionAndOtherPostretirementBenefitExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Pension And Other Postretirement Benefit Expense</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetRetirementObligationRollForwardAnalysisRollForward" xlink:type="locator" xlink:label="us-gaap_AssetRetirementObligationRollForwardAnalysisRollForward" />
    <label xml:lang="en-US" xlink:label="us-gaap_AssetRetirementObligationRollForwardAnalysisRollForward_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Estimated fair value of the Company&apos;s asset retirement obligations</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetRetirementObligationRollForwardAnalysisRollForward" xlink:to="us-gaap_AssetRetirementObligationRollForwardAnalysisRollForward_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_AssetRetirementObligationRollForwardAnalysisRollForward_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Asset Retirement Obligation Roll Forward Analysis Roll Forward</label>
    <label xml:lang="en-US" xlink:label="us-gaap_AssetRetirementObligationsNoncurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Balances at January 1,</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetRetirementObligationAccretionExpense" xlink:type="locator" xlink:label="us-gaap_AssetRetirementObligationAccretionExpense" />
    <label xml:lang="en-US" xlink:label="us-gaap_AssetRetirementObligationAccretionExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accretion Expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetRetirementObligationAccretionExpense" xlink:to="us-gaap_AssetRetirementObligationAccretionExpense_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_AssetRetirementObligationAccretionExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Asset Retirement Obligation Accretion Expense</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetRetirementObligationLiabilitiesIncurred" xlink:type="locator" xlink:label="us-gaap_AssetRetirementObligationLiabilitiesIncurred" />
    <label xml:lang="en-US" xlink:label="us-gaap_AssetRetirementObligationLiabilitiesIncurred_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Additions</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetRetirementObligationLiabilitiesIncurred" xlink:to="us-gaap_AssetRetirementObligationLiabilitiesIncurred_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_AssetRetirementObligationLiabilitiesIncurred_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Asset Retirement Obligation Liabilities Incurred</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetRetirementObligationRevisionOfEstimate" xlink:type="locator" xlink:label="us-gaap_AssetRetirementObligationRevisionOfEstimate" />
    <label xml:lang="en-US" xlink:label="us-gaap_AssetRetirementObligationRevisionOfEstimate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Revisions</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetRetirementObligationRevisionOfEstimate" xlink:to="us-gaap_AssetRetirementObligationRevisionOfEstimate_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_AssetRetirementObligationRevisionOfEstimate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Asset Retirement Obligation Revision Of Estimate</label>
    <label xml:lang="en-US" xlink:label="us-gaap_AssetRetirementObligationsNoncurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Balance December 31,</label>
    <loc xlink:href="egy-20141231.xsd#egy_NumberOfWells" xlink:type="locator" xlink:label="egy_NumberOfWells" />
    <label xml:lang="en-US" xlink:label="egy_NumberOfWells_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of wells.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_NumberOfWells" xlink:to="egy_NumberOfWells_lbl" />
    <loc xlink:href="egy-20141231.xsd#egy_NumberOfPlatforms" xlink:type="locator" xlink:label="egy_NumberOfPlatforms" />
    <label xml:lang="en-US" xlink:label="egy_NumberOfPlatforms_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of platforms.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_NumberOfPlatforms" xlink:to="egy_NumberOfPlatforms_lbl" />
    <loc xlink:href="egy-20141231.xsd#egy_DisclosureAssetRetirementObligationsAdditionalInformationDetailLineItems" xlink:type="locator" xlink:label="egy_DisclosureAssetRetirementObligationsAdditionalInformationDetailLineItems" />
    <label xml:lang="en-US" xlink:label="egy_DisclosureAssetRetirementObligationsAdditionalInformationDetailLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Disclosure - Asset Retirement Obligations - Additional Information (Detail) [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_DisclosureAssetRetirementObligationsAdditionalInformationDetailLineItems" xlink:to="egy_DisclosureAssetRetirementObligationsAdditionalInformationDetailLineItems_lbl" />
    <label xml:lang="en-US" xlink:label="egy_DisclosureAssetRetirementObligationsAdditionalInformationDetailLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Asset Retirement Obligations Additional Information Detail [Line Items]</label>
    <label xml:lang="en-US" xlink:label="egy_NumberOfWells_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of wells</label>
    <label xml:lang="en-US" xlink:label="egy_NumberOfWells_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Wells</label>
    <label xml:lang="en-US" xlink:label="egy_NumberOfPlatforms_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of new platforms</label>
    <label xml:lang="en-US" xlink:label="egy_NumberOfPlatforms_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Platforms</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongLivedAssetsToBeAbandonedTimingOfExpectedDisposition" xlink:type="locator" xlink:label="us-gaap_LongLivedAssetsToBeAbandonedTimingOfExpectedDisposition" />
    <label xml:lang="en-US" xlink:label="us-gaap_LongLivedAssetsToBeAbandonedTimingOfExpectedDisposition_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Abandoned period of material assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongLivedAssetsToBeAbandonedTimingOfExpectedDisposition" xlink:to="us-gaap_LongLivedAssetsToBeAbandonedTimingOfExpectedDisposition_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_LongLivedAssetsToBeAbandonedTimingOfExpectedDisposition_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Long Lived Assets To Be Abandoned Timing Of Expected Disposition</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:type="locator" xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule Of Segment Reporting Information By Segment [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:to="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Segment Reporting Information By Segment [Table]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConsolidationItemsAxis" xlink:type="locator" xlink:label="us-gaap_ConsolidationItemsAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_ConsolidationItemsAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Consolidation Items</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConsolidationItemsAxis" xlink:to="us-gaap_ConsolidationItemsAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ConsolidationItemsAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Consolidation Items [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConsolidationItemsDomain" xlink:type="locator" xlink:label="us-gaap_ConsolidationItemsDomain" />
    <label xml:lang="en-US" xlink:label="us-gaap_ConsolidationItemsDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Consolidation Items</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConsolidationItemsDomain" xlink:to="us-gaap_ConsolidationItemsDomain_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ConsolidationItemsDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Consolidation Items [Domain]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingSegmentsMember" xlink:type="locator" xlink:label="us-gaap_OperatingSegmentsMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingSegmentsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Operating Segments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingSegmentsMember" xlink:to="us-gaap_OperatingSegmentsMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingSegmentsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Operating Segments [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CorporateNonSegmentMember" xlink:type="locator" xlink:label="us-gaap_CorporateNonSegmentMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_CorporateNonSegmentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Corporate, Non-Segment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CorporateNonSegmentMember" xlink:to="us-gaap_CorporateNonSegmentMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_CorporateNonSegmentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Corporate Non Segment [Member]</label>
    <loc xlink:href="http://xbrl.sec.gov/country/2013/country-2013-01-31.xsd#country_GQ" xlink:type="locator" xlink:label="country_GQ" />
    <label xml:lang="en-US" xlink:label="country_GQ_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Equatorial Guinea</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_GQ" xlink:to="country_GQ_lbl" />
    <label xml:lang="en-US" xlink:label="country_GQ_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">G Q</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentReportingInformationLineItems" xlink:type="locator" xlink:label="us-gaap_SegmentReportingInformationLineItems" />
    <label xml:lang="en-US" xlink:label="us-gaap_SegmentReportingInformationLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Segment Reporting Information [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SegmentReportingInformationLineItems" xlink:to="us-gaap_SegmentReportingInformationLineItems_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_SegmentReportingInformationLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Segment Reporting Information [Line Items]</label>
    <label xml:lang="en-US" xlink:label="us-gaap_OilAndGasSalesRevenue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Revenues</label>
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingIncomeLoss_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Operating income (loss)</label>
    <label xml:lang="en-US" xlink:label="us-gaap_IncomeTaxExpenseBenefit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Income taxes</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PropertyPlantAndEquipmentAdditions" xlink:type="locator" xlink:label="us-gaap_PropertyPlantAndEquipmentAdditions" />
    <label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentAdditions_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Additions to properties and equipment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentAdditions" xlink:to="us-gaap_PropertyPlantAndEquipmentAdditions_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentAdditions_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Property Plant And Equipment Additions</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NoncurrentAssets" xlink:type="locator" xlink:label="us-gaap_NoncurrentAssets" />
    <label xml:lang="en-US" xlink:label="us-gaap_NoncurrentAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Long lived assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NoncurrentAssets" xlink:to="us-gaap_NoncurrentAssets_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_NoncurrentAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Noncurrent Assets</label>
    <label xml:lang="en-US" xlink:label="us-gaap_Assets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total assets</label>
    <loc xlink:href="egy-20141231.xsd#egy_ImpairmentOfProvedPropertiesTextualAbstract" xlink:type="locator" xlink:label="egy_ImpairmentOfProvedPropertiesTextualAbstract" />
    <label xml:lang="en-US" xlink:label="egy_ImpairmentOfProvedPropertiesTextualAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Impairment of proved properties.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_ImpairmentOfProvedPropertiesTextualAbstract" xlink:to="egy_ImpairmentOfProvedPropertiesTextualAbstract_lbl" />
    <label xml:lang="en-US" xlink:label="egy_ImpairmentOfProvedPropertiesTextualAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Impairment Of Proved Properties Textual [Abstract]</label>
    <loc xlink:href="egy-20141231.xsd#egy_ImpairmentOfProvedPropertiesLineItems" xlink:type="locator" xlink:label="egy_ImpairmentOfProvedPropertiesLineItems" />
    <label xml:lang="en-US" xlink:label="egy_ImpairmentOfProvedPropertiesLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Impairment of proved properties.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_ImpairmentOfProvedPropertiesLineItems" xlink:to="egy_ImpairmentOfProvedPropertiesLineItems_lbl" />
    <loc xlink:href="egy-20141231.xsd#egy_ImpairmentOfProvedPropertiesTable" xlink:type="locator" xlink:label="egy_ImpairmentOfProvedPropertiesTable" />
    <label xml:lang="en-US" xlink:label="egy_ImpairmentOfProvedPropertiesTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Impairment of proved properties.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_ImpairmentOfProvedPropertiesTable" xlink:to="egy_ImpairmentOfProvedPropertiesTable_lbl" />
    <label xml:lang="en-US" xlink:label="egy_ImpairmentOfProvedPropertiesTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Impairment Of Proved Properties [Table]</label>
    <label xml:lang="en-US" xlink:label="egy_ImpairmentOfProvedPropertiesTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Impairment Of Proved Properties [Table]</label>
    <loc xlink:href="egy-20141231.xsd#egy_EtameMember" xlink:type="locator" xlink:label="egy_EtameMember" />
    <label xml:lang="en-US" xlink:label="egy_EtameMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Etame.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_EtameMember" xlink:to="egy_EtameMember_lbl" />
    <label xml:lang="en-US" xlink:label="egy_EtameMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Etame field</label>
    <label xml:lang="en-US" xlink:label="egy_EtameMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Etame [Member]</label>
    <loc xlink:href="egy-20141231.xsd#egy_EbouriMember" xlink:type="locator" xlink:label="egy_EbouriMember" />
    <label xml:lang="en-US" xlink:label="egy_EbouriMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Ebouri.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_EbouriMember" xlink:to="egy_EbouriMember_lbl" />
    <label xml:lang="en-US" xlink:label="egy_EbouriMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Ebouri field</label>
    <label xml:lang="en-US" xlink:label="egy_EbouriMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Ebouri [Member]</label>
    <loc xlink:href="egy-20141231.xsd#egy_SoutheastEtameAndNorthTchibalaMember" xlink:type="locator" xlink:label="egy_SoutheastEtameAndNorthTchibalaMember" />
    <label xml:lang="en-US" xlink:label="egy_SoutheastEtameAndNorthTchibalaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Southeast Etame And North Tchibala.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_SoutheastEtameAndNorthTchibalaMember" xlink:to="egy_SoutheastEtameAndNorthTchibalaMember_lbl" />
    <label xml:lang="en-US" xlink:label="egy_SoutheastEtameAndNorthTchibalaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Southeast Etame And North Tchibala field</label>
    <label xml:lang="en-US" xlink:label="egy_SoutheastEtameAndNorthTchibalaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Southeast Etame And North Tchibala [Member]</label>
    <label xml:lang="en-US" xlink:label="egy_ImpairmentOfProvedPropertiesLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Impairment Of Proved Properties [Line Items]</label>
    <label xml:lang="en-US" xlink:label="egy_ImpairmentOfProvedPropertiesLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Impairment Of Proved Properties [Line Items]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GoodwillAndIntangibleAssetImpairment" xlink:type="locator" xlink:label="us-gaap_GoodwillAndIntangibleAssetImpairment" />
    <label xml:lang="en-US" xlink:label="us-gaap_GoodwillAndIntangibleAssetImpairment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Company recognized an impairment loss</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GoodwillAndIntangibleAssetImpairment" xlink:to="us-gaap_GoodwillAndIntangibleAssetImpairment_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_GoodwillAndIntangibleAssetImpairment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Goodwill And Intangible Asset Impairment</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ImpairmentOfOilAndGasProperties" xlink:type="locator" xlink:label="us-gaap_ImpairmentOfOilAndGasProperties" />
    <label xml:lang="en-US" xlink:label="us-gaap_ImpairmentOfOilAndGasProperties_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Impairment of Oil and Gas Properties</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ImpairmentOfOilAndGasProperties" xlink:to="us-gaap_ImpairmentOfOilAndGasProperties_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ImpairmentOfOilAndGasProperties_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Impairment Of Oil And Gas Properties</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SelectedQuarterlyFinancialInformationAbstract" xlink:type="locator" xlink:label="us-gaap_SelectedQuarterlyFinancialInformationAbstract" />
    <label xml:lang="en-US" xlink:label="us-gaap_SelectedQuarterlyFinancialInformationAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Selected Quarterly Financial Information [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SelectedQuarterlyFinancialInformationAbstract" xlink:to="us-gaap_SelectedQuarterlyFinancialInformationAbstract_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_CostsAndExpenses_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total operating costs and expenses</label>
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingIncomeLoss_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Operating income (loss)</label>
    <label xml:lang="en-US" xlink:label="us-gaap_ProfitLoss_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Net income (loss)</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromExtraordinaryItemsNetOfTaxPerBasicShare" xlink:type="locator" xlink:label="us-gaap_IncomeLossFromExtraordinaryItemsNetOfTaxPerBasicShare" />
    <label xml:lang="en-US" xlink:label="us-gaap_IncomeLossFromExtraordinaryItemsNetOfTaxPerBasicShare_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Basic net income (loss) per share</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromExtraordinaryItemsNetOfTaxPerBasicShare" xlink:to="us-gaap_IncomeLossFromExtraordinaryItemsNetOfTaxPerBasicShare_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_IncomeLossFromExtraordinaryItemsNetOfTaxPerBasicShare_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Income Loss From Extraordinary Items Net Of Tax Per Basic Share</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromExtraordinaryItemsNetOfTaxPerDilutedShare" xlink:type="locator" xlink:label="us-gaap_IncomeLossFromExtraordinaryItemsNetOfTaxPerDilutedShare" />
    <label xml:lang="en-US" xlink:label="us-gaap_IncomeLossFromExtraordinaryItemsNetOfTaxPerDilutedShare_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Diluted net income (loss) per share</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromExtraordinaryItemsNetOfTaxPerDilutedShare" xlink:to="us-gaap_IncomeLossFromExtraordinaryItemsNetOfTaxPerDilutedShare_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_IncomeLossFromExtraordinaryItemsNetOfTaxPerDilutedShare_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Income Loss From Extraordinary Items Net Of Tax Per Diluted Share</label>
    <label xml:lang="en-US" xlink:label="us-gaap_EarningsPerShareBasic_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Basic net income per share</label>
    <label xml:lang="en-US" xlink:label="us-gaap_EarningsPerShareDiluted_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Diluted net income per share</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CostsIncurredInOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesTable" xlink:type="locator" xlink:label="us-gaap_CostsIncurredInOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesTable" />
    <label xml:lang="en-US" xlink:label="us-gaap_CostsIncurredInOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Costs Incurred In Oil And Gas Property Acquisition Exploration And Development Activities [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostsIncurredInOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesTable" xlink:to="us-gaap_CostsIncurredInOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesTable_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_CostsIncurredInOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Costs Incurred In Oil And Gas Property Acquisition Exploration And Development Activities [Table]</label>
    <loc xlink:href="egy-20141231.xsd#egy_InternationalMember" xlink:type="locator" xlink:label="egy_InternationalMember" />
    <label xml:lang="en-US" xlink:label="egy_InternationalMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">International.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_InternationalMember" xlink:to="egy_InternationalMember_lbl" />
    <label xml:lang="en-US" xlink:label="egy_InternationalMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Foreign Tax Authority</label>
    <label xml:lang="en-US" xlink:label="egy_InternationalMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">International [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesLineItems" xlink:type="locator" xlink:label="us-gaap_CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesLineItems" />
    <label xml:lang="en-US" xlink:label="us-gaap_CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesLineItems" xlink:to="us-gaap_CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesLineItems_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities [Line Items]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CostsIncurredAcquisitionOfOilAndGasPropertiesAbstract" xlink:type="locator" xlink:label="us-gaap_CostsIncurredAcquisitionOfOilAndGasPropertiesAbstract" />
    <label xml:lang="en-US" xlink:label="us-gaap_CostsIncurredAcquisitionOfOilAndGasPropertiesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Costs Incurred in Oil and Gas Property Acquisition, Exploration and Development Activities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostsIncurredAcquisitionOfOilAndGasPropertiesAbstract" xlink:to="us-gaap_CostsIncurredAcquisitionOfOilAndGasPropertiesAbstract_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_CostsIncurredAcquisitionOfOilAndGasPropertiesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Costs Incurred Acquisition Of Oil And Gas Properties [Abstract]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CostsIncurredExplorationCosts" xlink:type="locator" xlink:label="us-gaap_CostsIncurredExplorationCosts" />
    <label xml:lang="en-US" xlink:label="us-gaap_CostsIncurredExplorationCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Exploration - capitalized</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostsIncurredExplorationCosts" xlink:to="us-gaap_CostsIncurredExplorationCosts_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_CostsIncurredExplorationCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Costs Incurred Exploration Costs</label>
    <label xml:lang="en-US" xlink:label="us-gaap_ExplorationExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Exploration - expensed</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AcquisitionCosts" xlink:type="locator" xlink:label="us-gaap_AcquisitionCosts" />
    <label xml:lang="en-US" xlink:label="us-gaap_AcquisitionCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Acquisition</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AcquisitionCosts" xlink:to="us-gaap_AcquisitionCosts_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_AcquisitionCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Acquisition Costs</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CostsIncurredDevelopmentCosts" xlink:type="locator" xlink:label="us-gaap_CostsIncurredDevelopmentCosts" />
    <label xml:lang="en-US" xlink:label="us-gaap_CostsIncurredDevelopmentCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Development</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostsIncurredDevelopmentCosts" xlink:to="us-gaap_CostsIncurredDevelopmentCosts_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_CostsIncurredDevelopmentCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Costs Incurred Development Costs</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CostsIncurredAcquisitionOfOilAndGasProperties" xlink:type="locator" xlink:label="us-gaap_CostsIncurredAcquisitionOfOilAndGasProperties" />
    <label xml:lang="en-US" xlink:label="us-gaap_CostsIncurredAcquisitionOfOilAndGasProperties_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostsIncurredAcquisitionOfOilAndGasProperties" xlink:to="us-gaap_CostsIncurredAcquisitionOfOilAndGasProperties_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_CostsIncurredAcquisitionOfOilAndGasProperties_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Costs Incurred Acquisition Of Oil And Gas Properties</label>
    <loc xlink:href="egy-20141231.xsd#egy_AvoumaAndSouthTchibalaMember" xlink:type="locator" xlink:label="egy_AvoumaAndSouthTchibalaMember" />
    <label xml:lang="en-US" xlink:label="egy_AvoumaAndSouthTchibalaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Avouma and south tchibala.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_AvoumaAndSouthTchibalaMember" xlink:to="egy_AvoumaAndSouthTchibalaMember_lbl" />
    <label xml:lang="en-US" xlink:label="egy_AvoumaAndSouthTchibalaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Avouma and South Tchibala</label>
    <label xml:lang="en-US" xlink:label="egy_AvoumaAndSouthTchibalaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Avouma And South Tchibala [Member]</label>
    <label xml:lang="en-US" xlink:label="egy_EtameMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Etame</label>
    <label xml:lang="en-US" xlink:label="egy_EbouriMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Ebouri</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReserveQuantitiesByTypeOfReserveAxis" xlink:type="locator" xlink:label="us-gaap_ReserveQuantitiesByTypeOfReserveAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_ReserveQuantitiesByTypeOfReserveAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Petroleum Reserves</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReserveQuantitiesByTypeOfReserveAxis" xlink:to="us-gaap_ReserveQuantitiesByTypeOfReserveAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ReserveQuantitiesByTypeOfReserveAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Reserve Quantities By Type Of Reserve [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TypeOfReserveDomain" xlink:type="locator" xlink:label="us-gaap_TypeOfReserveDomain" />
    <label xml:lang="en-US" xlink:label="us-gaap_TypeOfReserveDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Type of Reserve</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TypeOfReserveDomain" xlink:to="us-gaap_TypeOfReserveDomain_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_TypeOfReserveDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Type Of Reserve [Domain]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OilReservesMember" xlink:type="locator" xlink:label="us-gaap_OilReservesMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_OilReservesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Oil</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OilReservesMember" xlink:to="us-gaap_OilReservesMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_OilReservesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Oil Reserves [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NaturalGasReservesMember" xlink:type="locator" xlink:label="us-gaap_NaturalGasReservesMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_NaturalGasReservesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Gas</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NaturalGasReservesMember" xlink:to="us-gaap_NaturalGasReservesMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_NaturalGasReservesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Natural Gas Reserves [Member]</label>
    <loc xlink:href="egy-20141231.xsd#egy_ConsortiumMember" xlink:type="locator" xlink:label="egy_ConsortiumMember" />
    <label xml:lang="en-US" xlink:label="egy_ConsortiumMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Consortium.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_ConsortiumMember" xlink:to="egy_ConsortiumMember_lbl" />
    <label xml:lang="en-US" xlink:label="egy_ConsortiumMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Consortium</label>
    <label xml:lang="en-US" xlink:label="egy_ConsortiumMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Consortium [Member]</label>
    <loc xlink:href="egy-20141231.xsd#egy_AvoumaMember" xlink:type="locator" xlink:label="egy_AvoumaMember" />
    <label xml:lang="en-US" xlink:label="egy_AvoumaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Avouma.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_AvoumaMember" xlink:to="egy_AvoumaMember_lbl" />
    <label xml:lang="en-US" xlink:label="egy_AvoumaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Avouma</label>
    <label xml:lang="en-US" xlink:label="egy_AvoumaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Avouma [Member]</label>
    <loc xlink:href="egy-20141231.xsd#egy_BlockFiveProductionMember" xlink:type="locator" xlink:label="egy_BlockFiveProductionMember" />
    <label xml:lang="en-US" xlink:label="egy_BlockFiveProductionMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Block Five Production.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_BlockFiveProductionMember" xlink:to="egy_BlockFiveProductionMember_lbl" />
    <label xml:lang="en-US" xlink:label="egy_BlockFiveProductionMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Block 5 Production</label>
    <label xml:lang="en-US" xlink:label="egy_BlockFiveProductionMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Block Five Production [Member]</label>
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    <label xml:lang="en-US" xlink:label="egy_BlockPProductionMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Block P Production.</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DevelopmentWellsDrilledNetNonproductive" xlink:type="locator" xlink:label="us-gaap_DevelopmentWellsDrilledNetNonproductive" />
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SignificantCostsIncurredToAcquireMineralInterestOfProvedReserves" xlink:type="locator" xlink:label="us-gaap_SignificantCostsIncurredToAcquireMineralInterestOfProvedReserves" />
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalizedCostsOilAndGasProducingActivitiesNetAbstract" xlink:type="locator" xlink:label="us-gaap_CapitalizedCostsOilAndGasProducingActivitiesNetAbstract" />
    <label xml:lang="en-US" xlink:label="us-gaap_CapitalizedCostsOilAndGasProducingActivitiesNetAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Capitalized Costs Relating to Oil and Gas Producing Activities:</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_CapitalizedCostsOilAndGasProducingActivitiesNetAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Capitalized Costs Oil And Gas Producing Activities Net [Abstract]</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalizedCostsAssetRetirementCosts" xlink:type="locator" xlink:label="us-gaap_CapitalizedCostsAssetRetirementCosts" />
    <label xml:lang="en-US" xlink:label="us-gaap_CapitalizedCostsAssetRetirementCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Properties being amortized</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_CapitalizedCostsAssetRetirementCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Capitalized Costs Asset Retirement Costs</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalizedCostsOilAndGasProducingActivitiesGross" xlink:type="locator" xlink:label="us-gaap_CapitalizedCostsOilAndGasProducingActivitiesGross" />
    <label xml:lang="en-US" xlink:label="us-gaap_CapitalizedCostsOilAndGasProducingActivitiesGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total capitalized costs</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CapitalizedCostsOilAndGasProducingActivitiesGross" xlink:to="us-gaap_CapitalizedCostsOilAndGasProducingActivitiesGross_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_CapitalizedCostsOilAndGasProducingActivitiesGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Capitalized Costs Oil And Gas Producing Activities Gross</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities" xlink:type="locator" xlink:label="us-gaap_CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities" />
    <label xml:lang="en-US" xlink:label="us-gaap_CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Less accumulated depreciation, depletion, and amortization</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities" xlink:to="us-gaap_CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalizedCostsOilAndGasProducingActivitiesNet" xlink:type="locator" xlink:label="us-gaap_CapitalizedCostsOilAndGasProducingActivitiesNet" />
    <label xml:lang="en-US" xlink:label="us-gaap_CapitalizedCostsOilAndGasProducingActivitiesNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net capitalized costs</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CapitalizedCostsOilAndGasProducingActivitiesNet" xlink:to="us-gaap_CapitalizedCostsOilAndGasProducingActivitiesNet_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_CapitalizedCostsOilAndGasProducingActivitiesNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Capitalized Costs Oil And Gas Producing Activities Net</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CostsIncurredAssetRetirementObligationIncurred" xlink:type="locator" xlink:label="us-gaap_CostsIncurredAssetRetirementObligationIncurred" />
    <label xml:lang="en-US" xlink:label="us-gaap_CostsIncurredAssetRetirementObligationIncurred_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Asset retirement cost</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ResultsOfOperationsForOilAndGasProducingActivitiesByGeographicAreaTable" xlink:type="locator" xlink:label="us-gaap_ResultsOfOperationsForOilAndGasProducingActivitiesByGeographicAreaTable" />
    <label xml:lang="en-US" xlink:label="us-gaap_ResultsOfOperationsForOilAndGasProducingActivitiesByGeographicAreaTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Results Of Operations For Oil And Gas Producing Activities By Geographic Area [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ResultsOfOperationsForOilAndGasProducingActivitiesByGeographicAreaTable" xlink:to="us-gaap_ResultsOfOperationsForOilAndGasProducingActivitiesByGeographicAreaTable_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ResultsOfOperationsForOilAndGasProducingActivitiesByGeographicAreaTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Results Of Operations For Oil And Gas Producing Activities By Geographic Area [Table]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ResultsOfOperationsForOilAndGasProducingActivitiesByGeographicAreaLineItems" xlink:type="locator" xlink:label="us-gaap_ResultsOfOperationsForOilAndGasProducingActivitiesByGeographicAreaLineItems" />
    <label xml:lang="en-US" xlink:label="us-gaap_ResultsOfOperationsForOilAndGasProducingActivitiesByGeographicAreaLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Results Of Operations For Oil And Gas Producing Activities By Geographic Area [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ResultsOfOperationsForOilAndGasProducingActivitiesByGeographicAreaLineItems" xlink:to="us-gaap_ResultsOfOperationsForOilAndGasProducingActivitiesByGeographicAreaLineItems_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ResultsOfOperationsForOilAndGasProducingActivitiesByGeographicAreaLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Results Of Operations For Oil And Gas Producing Activities By Geographic Area [Line Items]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCostsAbstract" xlink:type="locator" xlink:label="us-gaap_ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCostsAbstract" />
    <label xml:lang="en-US" xlink:label="us-gaap_ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCostsAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Results of Operations for Oil and Gas Producing Activities:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCostsAbstract" xlink:to="us-gaap_ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCostsAbstract_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCostsAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs [Abstract]</label>
    <label xml:lang="en-US" xlink:label="us-gaap_OilAndGasSalesRevenue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveVerboseLabel">Crude oil and gas sales</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ResultsOfOperationsProductionOrLiftingCosts" xlink:type="locator" xlink:label="us-gaap_ResultsOfOperationsProductionOrLiftingCosts" />
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions" xlink:type="locator" xlink:label="us-gaap_ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions" />
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ResultsOfOperationsIncomeTaxExpense" xlink:type="locator" xlink:label="us-gaap_ResultsOfOperationsIncomeTaxExpense" />
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCosts" xlink:type="locator" xlink:label="us-gaap_ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCosts" />
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProvedDevelopedAndUndevelopedOilAndGasReserveQuantitiesTable" xlink:type="locator" xlink:label="us-gaap_ProvedDevelopedAndUndevelopedOilAndGasReserveQuantitiesTable" />
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts" xlink:to="us-gaap_NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Net Increase Decrease In Sales And Transfer Prices And Production Costs</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RevisionsOfPreviousQuantityEstimates" xlink:type="locator" xlink:label="us-gaap_RevisionsOfPreviousQuantityEstimates" />
    <label xml:lang="en-US" xlink:label="us-gaap_RevisionsOfPreviousQuantityEstimates_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Revisions of previous quantity estimates</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RevisionsOfPreviousQuantityEstimates" xlink:to="us-gaap_RevisionsOfPreviousQuantityEstimates_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_RevisionsOfPreviousQuantityEstimates_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Revisions Of Previous Quantity Estimates</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease" xlink:type="locator" xlink:label="us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease" />
    <label xml:lang="en-US" xlink:label="us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Additions</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease" xlink:to="us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Period Increase Decrease</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInEstimatedFutureDevelopmentCosts" xlink:type="locator" xlink:label="us-gaap_IncreaseDecreaseInEstimatedFutureDevelopmentCosts" />
    <label xml:lang="en-US" xlink:label="us-gaap_IncreaseDecreaseInEstimatedFutureDevelopmentCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Changes in estimated future development costs</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInEstimatedFutureDevelopmentCosts" xlink:to="us-gaap_IncreaseDecreaseInEstimatedFutureDevelopmentCosts_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_IncreaseDecreaseInEstimatedFutureDevelopmentCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Increase Decrease In Estimated Future Development Costs</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreviouslyEstimatedDevelopmentCostsIncurredDuringPeriod" xlink:type="locator" xlink:label="us-gaap_PreviouslyEstimatedDevelopmentCostsIncurredDuringPeriod" />
    <label xml:lang="en-US" xlink:label="us-gaap_PreviouslyEstimatedDevelopmentCostsIncurredDuringPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Development costs incurred during the period</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreviouslyEstimatedDevelopmentCostsIncurredDuringPeriod" xlink:to="us-gaap_PreviouslyEstimatedDevelopmentCostsIncurredDuringPeriod_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_PreviouslyEstimatedDevelopmentCostsIncurredDuringPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Previously Estimated Development Costs Incurred During Period</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccretionOfDiscount" xlink:type="locator" xlink:label="us-gaap_AccretionOfDiscount" />
    <label xml:lang="en-US" xlink:label="us-gaap_AccretionOfDiscount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accretion of discount</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccretionOfDiscount" xlink:to="us-gaap_AccretionOfDiscount_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_AccretionOfDiscount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Accretion Of Discount</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves" xlink:type="locator" xlink:label="us-gaap_IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves" />
    <label xml:lang="en-US" xlink:label="us-gaap_IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net change of income taxes</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves" xlink:to="us-gaap_IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther" xlink:type="locator" xlink:label="us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther" />
    <label xml:lang="en-US" xlink:label="us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Change in production rates (timing) and other</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther" xlink:to="us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other</label>
    <label xml:lang="en-US" xlink:label="us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Balance at End of Period</label>
    <loc xlink:href="egy-20141231.xsd#egy_ContractualPricePerUnit" xlink:type="locator" xlink:label="egy_ContractualPricePerUnit" />
    <label xml:lang="en-US" xlink:label="egy_ContractualPricePerUnit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Contractual price per unit.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_ContractualPricePerUnit" xlink:to="egy_ContractualPricePerUnit_lbl" />
    <label xml:lang="en-US" xlink:label="egy_ContractualPricePerUnit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Contractual price</label>
    <label xml:lang="en-US" xlink:label="egy_ContractualPricePerUnit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Contractual Price Per Unit</label>
    <loc xlink:href="egy-20141231.xsd#egy_RateOfFixedRoyaltyPayableUnderProductionSharingContract" xlink:type="locator" xlink:label="egy_RateOfFixedRoyaltyPayableUnderProductionSharingContract" />
    <label xml:lang="en-US" xlink:label="egy_RateOfFixedRoyaltyPayableUnderProductionSharingContract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Rate of fixed royalty payable under production sharing contract.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_RateOfFixedRoyaltyPayableUnderProductionSharingContract" xlink:to="egy_RateOfFixedRoyaltyPayableUnderProductionSharingContract_lbl" />
    <label xml:lang="en-US" xlink:label="egy_RateOfFixedRoyaltyPayableUnderProductionSharingContract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fixed royalty rate</label>
    <label xml:lang="en-US" xlink:label="egy_RateOfFixedRoyaltyPayableUnderProductionSharingContract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Rate Of Fixed Royalty Payable Under Production Sharing Contract</label>
    <loc xlink:href="egy-20141231.xsd#egy_PercentageOfProductionRemainingAfterDeductingRoyalty" xlink:type="locator" xlink:label="egy_PercentageOfProductionRemainingAfterDeductingRoyalty" />
    <label xml:lang="en-US" xlink:label="egy_PercentageOfProductionRemainingAfterDeductingRoyalty_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage of production remaining after deducting royalty.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_PercentageOfProductionRemainingAfterDeductingRoyalty" xlink:to="egy_PercentageOfProductionRemainingAfterDeductingRoyalty_lbl" />
    <loc xlink:href="egy-20141231.xsd#egy_AmountInCostAccountForCompany" xlink:type="locator" xlink:label="egy_AmountInCostAccountForCompany" />
    <label xml:lang="en-US" xlink:label="egy_AmountInCostAccountForCompany_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Amount in cost account for company.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_AmountInCostAccountForCompany" xlink:to="egy_AmountInCostAccountForCompany_lbl" />
    <loc xlink:href="egy-20141231.xsd#egy_PercentageOfContractArea" xlink:type="locator" xlink:label="egy_PercentageOfContractArea" />
    <label xml:lang="en-US" xlink:label="egy_PercentageOfContractArea_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage of contract area.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_PercentageOfContractArea" xlink:to="egy_PercentageOfContractArea_lbl" />
    <loc xlink:href="egy-20141231.xsd#egy_CostRecoveredQuantity" xlink:type="locator" xlink:label="egy_CostRecoveredQuantity" />
    <label xml:lang="en-US" xlink:label="egy_CostRecoveredQuantity_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Cost recovered quantity.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_CostRecoveredQuantity" xlink:to="egy_CostRecoveredQuantity_lbl" />
    <loc xlink:href="egy-20141231.xsd#egy_TheoreticalCostQuantity" xlink:type="locator" xlink:label="egy_TheoreticalCostQuantity" />
    <label xml:lang="en-US" xlink:label="egy_TheoreticalCostQuantity_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Theoretical cost quantity.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_TheoreticalCostQuantity" xlink:to="egy_TheoreticalCostQuantity_lbl" />
    <label xml:lang="en-US" xlink:label="egy_PercentageOfProductionRemainingAfterDeductingRoyalty_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of production</label>
    <label xml:lang="en-US" xlink:label="egy_PercentageOfProductionRemainingAfterDeductingRoyalty_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Percentage Of Production Remaining After Deducting Royalty</label>
    <label xml:lang="en-US" xlink:label="egy_AmountInCostAccountForCompany_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net cost account</label>
    <label xml:lang="en-US" xlink:label="egy_AmountInCostAccountForCompany_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Amount In Cost Account For Company</label>
    <label xml:lang="en-US" xlink:label="egy_PercentageOfContractArea_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of contract area</label>
    <label xml:lang="en-US" xlink:label="egy_PercentageOfContractArea_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Percentage Of Contract Area</label>
    <label xml:lang="en-US" xlink:label="egy_CostRecoveredQuantity_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cost Recovered</label>
    <label xml:lang="en-US" xlink:label="egy_CostRecoveredQuantity_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Cost Recovered Quantity</label>
    <label xml:lang="en-US" xlink:label="egy_TheoreticalCostQuantity_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Theoretical Cost</label>
    <label xml:lang="en-US" xlink:label="egy_TheoreticalCostQuantity_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Theoretical Cost Quantity</label>
    <loc xlink:href="egy-20141231.xsd#egy_PeriodOfDevelopmentArea" xlink:type="locator" xlink:label="egy_PeriodOfDevelopmentArea" />
    <label xml:lang="en-US" xlink:label="egy_PeriodOfDevelopmentArea_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Period of development area.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_PeriodOfDevelopmentArea" xlink:to="egy_PeriodOfDevelopmentArea_lbl" />
    <loc xlink:href="egy-20141231.xsd#egy_ExpirationYear" xlink:type="locator" xlink:label="egy_ExpirationYear" />
    <label xml:lang="en-US" xlink:label="egy_ExpirationYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Expiration year.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_ExpirationYear" xlink:to="egy_ExpirationYear_lbl" />
    <loc xlink:href="egy-20141231.xsd#egy_ExplorationAreaExpirationYear" xlink:type="locator" xlink:label="egy_ExplorationAreaExpirationYear" />
    <label xml:lang="en-US" xlink:label="egy_ExplorationAreaExpirationYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Exploration area expiration year.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_ExplorationAreaExpirationYear" xlink:to="egy_ExplorationAreaExpirationYear_lbl" />
    <label xml:lang="en-US" xlink:label="egy_PeriodOfDevelopmentArea_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Period of development</label>
    <label xml:lang="en-US" xlink:label="egy_PeriodOfDevelopmentArea_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Period Of Development Area</label>
    <label xml:lang="en-US" xlink:label="egy_ExpirationYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Expiration of development</label>
    <label xml:lang="en-US" xlink:label="egy_ExpirationYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Expiration Year</label>
    <label xml:lang="en-US" xlink:label="egy_ExplorationAreaExpirationYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Exploration area expiration year</label>
    <label xml:lang="en-US" xlink:label="egy_ExplorationAreaExpirationYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Exploration Area Expiration Year</label>
    <loc xlink:href="egy-20141231.xsd#egy_ProvedReserves" xlink:type="locator" xlink:label="egy_ProvedReserves" />
    <label xml:lang="en-US" xlink:label="egy_ProvedReserves_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Proved reserves.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_ProvedReserves" xlink:to="egy_ProvedReserves_lbl" />
    <label xml:lang="en-US" xlink:label="egy_ProvedReserves_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Proved reserves</label>
    <label xml:lang="en-US" xlink:label="egy_ProvedReserves_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Proved Reserves</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RoyaltyExpense" xlink:type="locator" xlink:label="us-gaap_RoyaltyExpense" />
    <label xml:lang="en-US" xlink:label="us-gaap_RoyaltyExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Royalty Payments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RoyaltyExpense" xlink:to="us-gaap_RoyaltyExpense_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_RoyaltyExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Royalty Expense</label>
    <loc xlink:href="egy-20141231.xsd#egy_RateOfIncomeTaxOnNetProfits" xlink:type="locator" xlink:label="egy_RateOfIncomeTaxOnNetProfits" />
    <label xml:lang="en-US" xlink:label="egy_RateOfIncomeTaxOnNetProfits_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Rate of income tax on net profits.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="egy_RateOfIncomeTaxOnNetProfits" xlink:to="egy_RateOfIncomeTaxOnNetProfits_lbl" />
    <label xml:lang="en-US" xlink:label="egy_RateOfIncomeTaxOnNetProfits_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Income tax on net profits</label>
    <label xml:lang="en-US" xlink:label="egy_RateOfIncomeTaxOnNetProfits_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Rate Of Income Tax On Net Profits</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ParentCompanyMember" xlink:type="locator" xlink:label="us-gaap_ParentCompanyMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_ParentCompanyMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">VAALCO ENERGY, INC.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ParentCompanyMember" xlink:to="us-gaap_ParentCompanyMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ParentCompanyMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Parent Company [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityMethodInvestments" xlink:type="locator" xlink:label="us-gaap_EquityMethodInvestments" />
    <label xml:lang="en-US" xlink:label="us-gaap_EquityMethodInvestments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment in Subsidiaries</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityMethodInvestments" xlink:to="us-gaap_EquityMethodInvestments_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_EquityMethodInvestments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Equity Method Investments</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MinorityInterest" xlink:type="locator" xlink:label="us-gaap_MinorityInterest" />
    <label xml:lang="en-US" xlink:label="us-gaap_MinorityInterest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Minority Interest</label>
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