• How is Gabon reinventing its oil and gas industry?
  • Targeting a production upward of 220,000 barrels per day (bpd), Gabon is reinventing its oil and gas industry as operators launch new drilling and appraisal activities, apply the latest enhanced oil recovery techniques and invest in the establishment of a domestic gas network.
  • Does Gabon have a resurgence in oil & gas?
  • Gabon is currently witnessing a resurgence in its oil and gas sector, catalyzed by a recent offshore discovery and a series of production start-ups led by key industry players.
  • What happened to Gabon’s Oil & Gas service sector?
  • Mostly based in Port-Gentil, Gabon¡¯s oil and gas service sector went through a difficult period following the price crash, and is facing another crisis now.
  • When will bw energy start producing oil in Gabon?
  • In November 2023, BW Energy announced a commercial oil discovery at its Hibiscus South satellite prospect offshore Gabon ¨C estimated to hold 16 million barrels of oil in place ¨C which it plans to finish as a production well in early-2024.
  • How much oil does Gabon produce?
  • Gabon¡¯s production of crude oil was at level of 184 thousand bpd in April 2021, up from 179 thousand bpd in December 2020, a change of 2.79%. Presently, offshore resources account for more than 70% of the less than 2 billion barrels (2016 estimate) in reserves.
  • Does Gabon have oil exploration contracts?
  • Between 2014 to 2019, there were no exploration contracts signed in Gabon. However, Gabon managed to increase its crude oil daily output by 11.9% in 2019, reversing years of production decline and considerably improving the fiscal stance in the country.