Gabon Energy

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At the beginning of July 2016 Gabon rejoined the Organisation of Petroleum Exporting Countries (OPEC) after an absence of more than two decades. This comes as Gabonese authorities look for enhanced coordination with other global oil producers to alleviate some of the pressure of low energy prices and help cultivate an environment more...

 

In a global environment of low oil prices, the Emerging Gabon Strategic Plan (Plan Stratégique Gabon Emergent, PSGE) has sought to diversify the economy away from hydrocarbons since 2010. As such, over recent years the Gabonese government has increased development of the hydropower sector, as well as expanding the country’s large natural gas...

An oil-rich equatorial country in West Africa, Gabon’s abundant natural resources have given it one of the highest per capita incomes on the continent, though lower oil revenues has seen growth contract in recent years.

Après une absence de plus de vingt ans, le Gabon a rejoint l’Organisation des pays exportateurs de pétrole (OPEP) début juillet.

Si le secteur des hydrocarbures constitue toujours la majorité des recettes d’exportation du Gabon et reste l’un des moteurs de l’économie du pays, la stagnation de la production a suscité des efforts destinés à encourager de nouvelles campagnes d’exploration, qui commencent déjà à porter leurs fruits.

How have lower oil prices impacted exploration?

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