Considered the final frontier for hydrocarbon exploration, Africa’s sizeable oil discoveries made in 2021 position the continent as an attractive upstream market.
BW Energy has discovered oil in the Hibiscus North exploration well (DHBNM-1) in Gabon’s Dussafu Block.
The Gabonese Minister of Energy announced the completion of financing for construction of a 35 MW hydroelectric dam in Gabon.
Vaalco Energy has executed a contract with offshore drilling company Borr Drilling for its 2021/2022 drilling program in offshore Gabon.
In line with the government’s goals to attract investment into offshore exploration, Gabon has modernized its regulatory framework through a revised oil and gas code implemented in July 2019.
La société espère augmenter sa production quotidienne au-dessus des niveaux de 2019.
The British French major has opened new exploration activities in three offshore blocks, which were acquired during the ongoing licensing round.
Gabon has created a center of excellence in the field of petroleum training.
The country was counting on close to 4% growth according to pre-pandemic figures.
Gabon’s has become a leading player in Africa’s oil production, boasting the fifth largest reserves in the continent.
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