Suriname Multi Cooking Oil Production Plant in Gabon

Suriname Multi Cooking Oil Production Plant in Gabon
                                               
                                               
                                               
                                               
  • How much oil will Gabonese produce in 2023?
  • In 2019, the Gabonese government had set an ambitious target of 220,000 bpd of crude oil production by 2023. Although that target was missed, production in April stood at 200,000 bpd, up from 180,000 in 2020.
  • Why is Gabon’s oil industry on the rise?
  • Gabon’s oil industry is on the rise after facing uncertainty due to price crashes and pandemic disruptions. With renewed interest from investors and regulatory changes, Gabon is making strides towards reaching its ambitious oil production targets. Learn about the key players and strategies driving this resurgence.
  • Why is Gabon redeveloping oil fields?
  • Given Gabon’s background, it is no surprise that much of the country’s upstream efforts are being focused on the redevelopment of mature or marginal oil fields. Prioritizing short-cycle developments generate cash flow at lower cost by utilizing existing discoveries and infrastructure, which can bring production online within a few years.
  • Why did Gabon Oil buy a lease?
  • Gabon Oil’s chief executive officer, Serge Toulekima, announced in May 2014 that the company would seek to buy in to these leases as a means of boosting the government’s revenue as well as providing developers with capital to expand exploration and production. National oil production fell to just 220,000 bpd by early 2016.
  • How much oil does Gabon produce a day?
  • By the late 1990s, Gabon was producing 370,000 barrels of crude petroleum a day (bpd). Perenco, Shell, and TotalEnergies controlled 75 percent of the nation’s total oil production. Gabon Oil Company was created in 2011 by presidential decree, and became the legal owner and manager of onshore and offshore petroleum in Gabon.
  • Does Gabon have a petroleum company?
  • After that, Gabon had no national petroleum company until the Gabon Oil Company was established in June 2011. The government of Gabon controls petroleum and mineral rights within the state.