• 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.
  • Will Gabon achieve self-sufficiency in crude oil by 2030?
  • Gabon is also increasing its refining capacity, with plans to expand SOGARA ¨C the country¡¯s sole refinery ¨C from annually processing 1.2 million to 1.5 million tons of crude oil. This expansion could enable Gabon to achieve self-sufficiency in refined petroleum products by 2030.
  • Who is Perenco oil & gas Gabon?
  • LIBREVILLE, October 16, 2023 ¨C Perenco has begun oil production at the offshore Hylia South West play in Gabon, the Ango-French E&P player announced on Friday. The company¡¯s subsidiary Perenco Oil & Gas Gabon (POGG) achieved initial flows of 3,000 bopd from the Hylia South West-1 well.
  • 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.
  • How much oil will Gabonese produce in 2023?
  • In 2019, the Gabonese government had set an ambitious target of 220,000 bpd of crude oil production by 2023. Although that target was missed, production in April stood at 200,000 bpd, up from 180,000 in 2020.
  • 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.