President Ali Bongo Ondimba addressing the UN General Assembly in September 2017
Gabonese incentives reform pays off
An enhanced regulatory and fiscal framework appears to be attracting IOC and NOC exploration interest
Newly appointed Gabonese hydrocarbons minister Noel Mboumba will point to evidence that the recent petroleum code overhaul is rebuilding investor confidence when he embarks on a promotional drive. Houston-based West African producer Vaalco said in late August that it was expecting delivery in early September of a jack-up rig to commence a its 2019-20 drilling campaign. The firm plans to drill first an appraisal well, followed by a development well, at its Etame field, promising a further appraisal well and up to two more development wells later this year and early next. The firm also extended its lease contract for its Gabonese floating, production, storage and offloading (FPSO) vessel to S
Also in this section
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
