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
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