Gabon has potential as a frontier region
Gabon’s upstream moves forward
Independents see ongoing opportunities for expansion in the West African nation
Gabon is on course to increase its oil production next year, demonstrating its potential as a frontier region. But new initiatives in its E&P industry is increasingly dominated by independents rather than oil majors. The West African country’s Dussafu Marin permit comprises an offshore licence area with multiple discovered fields and is owned by a joint venture (JV) comprising Norwegian operator BW Energy (73.5pc), Oslo-based Panoro Energy (17.5pc) and state-owned Gabon Oil Company (10pc). Within the cluster, the JV is already producing oil from the Tortue field and continues to advance its Hibiscus/Ruche development, where operator BW expects first oil “in late 2022”. The JV plans to
Also in this section
10 December 2024
Sector at economic and strategic crossroads, but clear path ahead for midstream additions
30 November 2024
Decades of turmoil have left Iraq’s vast energy potential underutilised, but renewed investment and strategic reforms are transforming it into a key player in the region
29 November 2024
The country's fifth and sixth oil and gas bid rounds have attracted a range of new players with gas as well as oil ambitions—and there’s a seismic shift in the contracting process
28 November 2024
Iraq is charting a new path for its indigenous resources and its youth, hoping to electrify the future with a mix of reforms and modernisation to fuel growth
