Gabon has indicated economic interest in the Central African pipelines project initiated by Equatorial Guinea. The project which is led by Equatorial Guinea consists of the construction of three lines of pipelines. The pipeline will connect Cameroon, the Central African Republic and Chad. A second which connects Equatorial Guinea, Gabon and the Republic of Congo, and a […]

The Director of Exploration and Development of Oil India has announced that his oil group will carry out tests on the Lassa Field, near Lambarene in the province of Moyen-Ogooué. This was said during an audience hearing granted to Oil Indian Executive team by the Gabonese Minister of Petroleum on September 7, 2022, “We have […]

As shown in a recent well drilling campaign program, Gabon is betting on oil production up by 2.2%, according to the forecasts contained in the macroeconomic and budgetary framework document for the period 2023-2025. This production would then stand at 10.99 million tonnes against forecasts of 10.7 million metric tonnes in 2022 in the amending finance […]

BW Energy has announced the sail away of the BW MaBoMo (formerly Hibiscus Alpha) offshore production facility. The production facility is currently onboard a heavy-lift vessel in transit to the Dussafu license offshore Gabon where it will be installed to produce oil from the Hibiscus and Ruche fields. The BW MaBoMo is expected to arrive on the field at the end of September for installation and hook-up […]

BW Energy has announced the signing of an up to USD 300 million international Reserve Based Lending (RBL) facility. The funds will initially be used to finance the further development of the Dussafu license offshore Gabon. The facility has an initial commitment of USD 200 million which can be expanded up to an additional USD 100 million. The secured long-term debt facility has been provided by a syndicate of five international banks and has a tenor of six years. “We […]

VAALCO Energy Inc has provided an update on the South Tchibala 1HB-ST well, as well as updated full year production guidance. Etame: The South Tchibala 1HB-ST The South Tchibala 1HB-ST discovered two potential Dentale producing zones, the Dentale D1 sand and the Dentale D9. The first completion was in the shallower D1 which included a hydraulic […]

VAALCO Energy Inc has provided an update on the South Tchibala 1HB-ST well, as well as updated full year production guidance. Etame: The South Tchibala 1HB-ST The South Tchibala 1HB-ST discovered two potential Dentale producing zones, the Dentale D1 sand and the Dentale D9. The first completion was in the shallower D1 which included a hydraulic […]

The Gabonese government has undertaken to carry out an audit of the oil sector. This commitment is contained in Gabon’s Memorandum on Economic and Financial Policies (MEFP). The document is attached to the letter of intent addressed by Libreville to the International Monetary Fund (IMF), to benefit from financing from the financial institution last June according to […]

BW Energy today provides an update on the operations and development of the Dussafu Marin license in Gabon. The Company will publish financial figures for the second quarter and first half of 2022 on Thursday, 25 August. Gross production from the Tortue field averaged approximately 10,700 barrels of oil per day in the second quarter of 2022, amounting to a total gross production of approximately 975,000 barrels of oil for the period and in line with expectations. As previously guided, there were no BW Energy liftings in the quarter. Production cost (excluding royalties) was approximately USD 35 per […]

VAALCO Energy Inc. has said that the South Tchibala 1HB-ST well of the Avouma platform in the Etame field has been successfully drilled and completed, offshore Gabon, The company has also provided an additional operational information regarding its activities in Gabon. The South Tchibala 1HB-ST well was successfully completed after performing a frac pack on […]