Margas energy Gabon

Does Gabon have natural gas?

While Gabon lacks proven pure gas fields, the country possesses associated gas from oil fields that remains underutilized. Perenco, an independent oil and gas company, recently secured a billion-dollar investment for a liquefied natural gas (LNG) facility in Cap Lopez, enabling the first-ever export of Gabonese gas from offshore fields.

Is Gabon a good place to invest in oil & gas?

Gabon, one of Africa’s most prolific oil and gas markets, possesses significant untapped offshore oil reserves, ranking sixth in African oil production. The new Government of Transition has embarked on a campaign to actively attract E&P companies with the required capacity to harness these resources.

Why is Gabon redeveloping its energy sector?

The upstream segment of Gabon’s energy sector is seeing renewed interest on the back of recent regulatory changes, and drilling campaigns from some of the world’s most prolific E&P companies are centered on redeveloping mature fields, though possibly at the cost of exploration.

What type of electricity does Gabon use?

Renewable electricity here is the sum of hydropower, wind, solar, geothermal, modern biomass and wave and tidal power. Traditional biomass – the burning of charcoal, crop waste, and other organic matter – is not included. This can be an important source in lower-income settings. Gabon: How much of the country’s electricity comes from nuclear power?

How much oil will Gabonese produce in 2023?

In 2019, the Gabonese government had set an ambitious target of 220,000 bpd of crude oil production by 2023. Although that target was missed, production in April stood at 200,000 bpd, up from 180,000 in 2020.

How will Gabon's hydrocarbon code impact E&P investments?

Gabon will also build on the successes of the 2019 Hydrocarbon’s Code and seek ways to improve and adapt it to changing market realities. This move it is hoped will open the door for more international E&P investments.