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Gabon eyes future post-Bongo
Sovereignty is the watchword for the new government, but there are still upstream opportunities for those willing to work closely with the state
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But significant discoveries are likely needed to prevent output from sliding again later this decade
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Fresh drilling is scheduled in Gabon this year
Gabon
Simon Ferrie
20 April 2021
Follow @PetroleumEcon
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Gabon’s E&P sector stays active

The west African nation continues to attract upstream investment despite the global contraction in activity

Gabon’s upstream sector remains active, with the spudding of a fresh well and plans for further drilling later this year. Norway’s BW Energy has resumed drilling at the Dussafu licence, beginning with the Hibiscus Extension well. This is intended to extend the Hibiscus/Ruche prospect, with first oil expected in the first quarter of 2023. Hibiscus and Ruche are already believed to hold probable reserves of 46.1mn bl and 24.1mn bl respectively. After the Hibiscus Extension, BW will use the Borr Norve jack-up rig to spud the sixth and final well in the second development phase of the Tortue field. This second phase—which had previously been scheduled to be completed in 2020—will boost Tortue’

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