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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