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 […]

National Hydrocarbons Gabon Oil Company (GOC has decided to recapitalize its share capital, which until now was 1 billion FCFA, but has now stood at 11 billion FCFA. This was sanctioned at the Council of Ministers held on June 29, 2022, According to the government, this recapitalization falls within the framework of the modification of […]

The Czech Republic wants to invest in Gabon in the oil and gas sectors. This is what emerges from the exchanges between the Czech Secretary of State, Miloslav Stasek and the Gabonese Minister of Oil and Gas, Vincent De Paul Massassa, on June 22, 2022 in Libreville. “  The Czech Republic is present in Gabon in particular […]

After more than 90 years in the Gabonese oil sector, the company TotalEnergies has decided to expand its investments in the forestry sector. The company has just acquired 49% of the shares of the Compagnie des bois du Gabon (CBG), it informs in a press release made public on June 15, 2022. Certified Forest Stewardship Council […]

VAALCO Energy Inc. has announced the successful drilling of the South Tchibala 1HB-ST well that was drilled from the Avouma platform in the Etame field, offshore Gabon. Highlights Discovered significant columns of multiple hydrocarbon bearing sands in the Dentale; Completing the Dentale D1 sand (18 meters net hydrocarbons) interval, which is analogous to the Deep […]