Complete Peanut Oil Press Machine Production Line 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.
How much oil does Gabon produce?
Gabon’s production of crude oil was at level of 184 thousand bpd in April 2021, up from 179 thousand bpd in December 2020, a change of 2.79%. Presently, offshore resources account for more than 70% of the less than 2 billion barrels (2016 estimate) in reserves.
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.

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