BW Energy has completed the drilling and completion operations on DHIBM-3H, the first production well of the Hibiscus / Ruche Phase 1 development campaign in the Dussafu licence offshore Gabon. Responsibility for the DHIBM-3H well has been handed over to the production team which will finalise preparations for production start-up. First oil from the well […]

TotalEnergies EP Gabon has just published its financial results for the 2022 financial year. FCFA), against $ 33 million (20 billion FCFA) for the 2021 financial year. The Gabonese subsidiary of the French giant thus multiplied by more than 10 its profit over the period. This significant financial gain was recorded thanks in particular to […]

Amid prevalent shift in global energy mix, United State of America has indicated further investment interest in the development of hydrocarbon exploration and production business in Gabon. This was disclosed during the Minister of Petroleum, Vincent de Paul Massassa, on March 23, 2023,received an American delegation led by Syed Dilawar, special envoy of the United […]

Maurel & Prom has planned to allocate in 2023, 85 million dollars (52 billion FCFA) for development investments in the oil sector in Gabon. The information was given by the oil company in a statement made public on March 14. This represents 30% of this overall budget intended for development and exploration investments as well as certain […]

Panoro Energy has announced record full-year financial performance in 2022 with revenue up 58 percent year-on-year at USD 188.6 million and EBITDA up 78 percent year-on-year to USD 126.6 million. The Company has maintained a conservative leverage profile with net debt of USD 46.8 million at year end representing a net debt to EBITDA ratio […]

The year 2022 was a record year for Panoro with revenues estimated at approximately USD 188 million. Working interest production averaged approximately 7,500 bopd. Underpinned by a strong balance sheet and conservative leverage profile the Company is well positioned for its organic production growth. Production drilling commenced in early January at the Hibiscus Ruche Phase […]

According to information from the Perenco company, the Batanga plant, in the Ogooué-Maritime province, will produce 15,000 tonnes of LPG (domestic gas) per year from the 1st half of 2023, intended for the Gabonese market to reduce the country’s imports (by more than 50%). “-+This production plant will develop an integrated system comprising the production of LPG […]

The Borr Norve jackup has started the drilling of the first production well on the BW Energy Hibiscus / Ruche Phase 1 development in the Dussafu Block offshore Gabon. Drilling operations commenced on schedule in the first week of January and in line with the target of producing first oil in March 2023. The Borr Norve jackup arrived […]

The Borr Norve jackup has started the drilling of the first production well on the BW Energy Hibiscus/Ruche Phase 1 development in the Dussafu Block offshore Gabon. Drilling operations commenced on schedule in the first week of January and in line with the target of producing first oil in March 2023. The Borr Norve jackup arrived on location […]

According to the economy report from the Ministry of the Economy, oil production in Gabon increased at the end of September 2022. “  Quarter-on-quarter, oil production increased by 7.3% compared to the second quarter of 2022, in connection with the operation of new wells and the loosening of the OPEC+ quota policy, despite the closure of […]