Gabon Awards 13 Offshore Blocks

Eleven oil companies have been awarded blocks in Gabon as part of the West African country’s licencing round. According to Reuters, the government has granted 13 blocks. 

Once the third largest oil producer in Sub-Saharan Africa, the country is hoping to improve the declining oil output, as large oil fields have matured.

According to Reuters, the country’s energy minister Etienne Ngoubou said he hoped that the awarded blocks, once developed, will help Gabon achieve a target of 500,000 barrels of oil per day.

Exxon Mobil, Ophir Energy, Marathon Oil, Repsol and Eni are among the companies which acquired the 13 blocks.

Oil has been the backbone of Gabon’s economy since it gained independence. It accounts for 60% of total government revenue and 75% of export revenue.

Offshore Energy Today Staff, October 30, 2013

 

Share this article

Follow Offshore Energy Today

Events>

<< Jun 2019 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

Uganda International Oil and Gas Summit 2019

Uganda International Oil & Gas Summit will once again examine the industry’s developments…

read more >

Nigeria Oil & Gas Conference & Exhibition 2019

The annual meeting once again proved to be a great success, gathering over 700 industry professionals…

read more >

08th OIL & GAS AFRICA 2019 CONFERENCE

OIL & GAS AFRICA is one of the most prime regional & international Oil and Gas conferences in East Africa…

read more >

Gas Indonesia Summit 2019

Gas Indonesia Summit & Exhibition is returning for the fourth edition in Jakarta…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply