Gabon pursues reforms amid renewed exploration
Conditions are improving in Gabon’s upstream sector, but there is still a pressing need for regulatory reform Conditions are improving in Gabon’s upstream sector, but there is still a pressing need for regulatory reform.
16 March 2018
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The Etame platform off Gabon. (Vaalco Energy)
Gabon’s government is working to introduce much-needed changes to its upstream oil and gas regulations to reverse the country’s declining production. However, a combination of rising oil prices and uncertainty over policy direction within the petroleum ministry could harm the prospects for meaningful improvement.
Malaysia’s Petronas and Australia’s Woodside made a wildcat find in Gabon last week, announcing the discovery of hydrocarbons at their Boudji 1 exploration well in Block F14. United States-based Vaalco Energy also stated in January that...
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