Soybean Oil Extration Production Line in Gabon

Best Selling Soybean Oil Production Linery 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.
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.
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.
Will Gabon double oil production by 2025?
With the natural decline of mature oil fields, the government is developing its offshore, deep-water resources to achieve a target of doubling oil production to 500,000 barrels per day (bpd) by 2025. 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%.