Gabon Oil and Gas: Report Q3 2014

Business Monitor International
July 30, 2014
102 Pages - SKU: BMI5305293
Countries covered: Gabon

Gabon Oil and Gas: Report Q3 2014

BMI View: Recent years has seen an explosion of interest in the highly prospective West African TransformMargin. However, an uptick in exploration offshore Gabon has yielded mixed results, and this quarter athree-well deepwater drilling campaign by Ophir ended dry. Gabon's new hydrocarbons law has alsomaterially worsened both the country's fiscal and licensing terms, and introduced a high degree ofregulatory uncertainty. Unless the law is amended, we see Gabon lose investment to other, more attractiveWest African countries.

The main trends and developments we highlight for Gabon's oil and gas sector are as follows:

While we expect some near-term gains in oil production, the longer-term trend for Gabon's oil sector isone of decline, due to both natural depletion at maturing fields and limited new production coming onstream.

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