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.
How old is Gabon’s oil & gas industry?
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.
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.
Who is Perenco oil & gas Gabon?
LIBREVILLE, October 16, 2023 – Perenco has begun oil production at the offshore Hylia South West play in Gabon, the Ango-French E&P player announced on Friday. The company’s subsidiary Perenco Oil & Gas Gabon (POGG) achieved initial flows of 3,000 bopd from the Hylia South West-1 well.