Exploration & Production

Gabon’s oil and gas licensing round at risk from government inaction

Gabon’s latest oil and gas licensing round is at risk because of the ill-health of President Ali Bongo Ondimba
By Staff reporter 26 November 2018 0 33453

Gabon’s latest oil and gas licensing round is at risk because of the ill-health of President Ali Bongo Ondimba, Agence Ecofin has reported.

The president remains out of action after suffering a stroke on 24 October, leaving a power vacuum in the government. The resulting confusion could jeopardise the call for bids on 23 deepwater blocks and another 11 shallow-water blocks launched earlier this month.

Gabon unveiled a new petroleum code earlier this year that reduced taxes on exploration and production...