Gabon's oil sector set for growth
Gabon’s production set for further expansion
But significant discoveries are likely needed to prevent output from sliding again later this decade
Gabon’s mature oil sector is poised for renewed growth, led by development of the Dussafu block. The Hibiscus/Ruche Phase 1 project on the block is on pace to produce its first oil by the end of March, says the operator, Norway’s BW Energy, with drilling having started in early January. The 20km pipeline connection to the BW Aldo floating production, storage and offloading (FPSO) unit—which already serves the in-production Tortue field—has also been completed. Drilling and “asset updates” on Hibiscus/Ruche Phase 1 will be completed “through 2023 and into early 2024”, says Carl Krogh Arnet, CEO of BW. After the first quarter of this year, “production is expected to increase progressively, as
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
