Gabon’s oil and gas industry is older than the country itself. Oil was first discovered near the African nation’s capital of Libreville in 1931 when it was still a French colony. During the 1960s the nation saw a flurry of exploration and production activity, which led to a dramatic increase in production.
How much oil does Gabon have?
Oil reserves 2 billion barrels Oil production 210,000 bopd Gas reserves 26 bcm Gas production 368 mcm Gabon’s oil and gas industry is older than the country itself. Oil was first discovered near the African nation’s capital of Libreville in 1931 when it was still a French colony.
Are companies looking for gas in Gabon?
Some companies are also exploring avenues in gas. Gabon’s gas reserves currently stand at 26 billion cubic meters. While companies have come across gas in their search for oil, the discoveries made were not deemed commercially viable.
What makes Gabon oil a good company?
“We are driven by one major goal: capturing value in a responsible manner while respecting our values of performance, solidarity, integrity and good governance,” ex-administrator and general director of Gabon Oil told The Energy Year. “ Gabon Oil is fully aware of its responsibility to society.