Did Gabon have a national oil company?

While Gabon was without a national oil company, it leased and sold blocks for petroleum development to outside interests. Addax Petroleum, a Chinese company, surrendered its lease on the marginal Remboué oil field in September 2012, and Gabon Oil took control of the block.

Why is Gabon deploying new development strategies?

We are deploying new development strategies that take into account the new hydrocarbons environment in Gabon and the human potential of its highly qualified employees. Gabon Oil Company (GOC) is Gabon’s national oil company and is responsible for managing the country’s hydrocarbon resources.

Does Gabon have a petroleum company?

After that, Gabon had no national petroleum company until the Gabon Oil Company was established in June 2011. The government of Gabon controls petroleum and mineral rights within the state.

Why did Gabon Oil buy a lease?

Gabon Oil's chief executive officer, Serge Toulekima, announced in May 2014 that the company would seek to buy in to these leases as a means of boosting the government's revenue as well as providing developers with capital to expand exploration and production. National oil production fell to just 220,000 bpd by early 2016.

Can Gabon become a regional energy hub?

As Gabon transitions from oil dependency to cleaner energy, gas-fired power generation will bridge the gap and support the country’s shift. Key infrastructure developments, such as the Owendo plant and floating power solutions, position Gabon for long-term energy security and enhance its potential as a regional energy hub.

How does Assala Gabon support its host country?

Assala Gabon supports its host country in its social and environmental ambitions, which reflect the United Nations Sustainable Development Goals and the Paris Agreement. It is committed to investing in our company’s performance and therefore the production of the energy we need.