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Gabon Extends 12th Offshore License Round

A recent expansion of Gabon MegaSurvey coverage has significantly increased access to 3D seismic over the 35 open blocks on offer. The Direction Generale des Hydrocarbures (DGH) and PGS now offer over 65 000 sq. km of 3D seismic and over 21 000 km of 2D seismic data. An extension to the tender submission deadline for the Gabon 12th Offshore Licensing Round provides further opportunity to integrate new data into evaluations of open blocks.

The global COVID- 19 is believed to be playing a major role in recent extension of 12th Offshore Licensing Round Initially planned to close on April 30, 2020, the licensing round deadline has been hopefully extended to ameliorate the effect of the with the pandemic in the global energy industry. The offshore licensing round was launched in November 2018, resulting to increase in the country’s investors’ participatory interest and significant number of production sharing contracts signed.

 Gabon’s recent exploration and production industrial projection has brought several investors to the country’s’ less explored deep offshore areas. Major international companies in the likes of Perenco, Assala Energy, Vaalco, or Tullow are now playing a major developmental roles in driving the oil and gas sector in Gabon to international stardom.

The Gabon MegaSurvey is a cost-effective tool for regional evaluation and visualization of plays and migration pathways. In addition to the seismic data, well data is now available for 167 wells within the MegaSurvey area, to support the evaluation of the blocks on offer. Value-added composite logs used in conjunction with the regional seismic dataset will help the assessment of prospectivity and play evaluation.

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