Through the Africa Energy
Series Special Report: Gabon 2020, Africa Oil & Power (www.AfricaOilandPower.com) is
highlighting extensive investment opportunities in the Gabonese oil and gas
sector; Gabon has an ongoing licensing round during which 12 production and
sharing agreements have been signed with historic and new players; Natural gas
has been identified as a key development driver for Gabon’s hydrocarbons
sector.
In line with Gabon’s aim
to attract more oil and gas explorers, Africa Oil & Power (AOP) has
launched the Africa Energy Series Special Report: Gabon
2020 as a resource for investors and companies looking to
expand operations into Gabon’s oil and gas sector.
Available
for free download on AOP’s website, the 14-page report – which highlights
Gabon’s oil and gas sector – provides a concise view of Gabon’s investment
opportunities amid an ongoing licensing round for most of Gabon’s offshore open
blocks.
As an
historic producer in Africa, with first oil produced in 1956, Gabon saw peak
production in 1997. 2020 is marked as a decisive year in Gabon’s oil production
history. Twelve exploration licenses have been signed during the country’s 12th licensing
round, which is ongoing and offered a total of 35 blocks. The renewed
attractiveness of Gabon’s oil sector is explained in the report, including a
new oil and gas code; increased focus on natural gas development and an
agreement with the International Monetary Fund to revitalize Gabon’s economy,
thus increasing international confidence in the country’s development.
“Despite
global threats posed by COVID-19, Gabon is committed to breathing new life into
its high potential oil and gas sector. Strategically positioned in the Gulf of
Guinea, with a long history of oil exploration and production and strong
ambitions for the future, Gabon is set on the right track. The next few months
will be key as we emerge from the global pandemic, but Gabon can count on
strong partners down the way,” expressed James Chester, Acting CEO of Africa
Oil & Power.
To download the Africa Energy Series Special Report: Gabon 2020 report, please click here (https://bit.ly/2xFO1T5). View and download all the investment reports here (https://bit.ly/3cbNmbh).
