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GABON

Total and Tullow flounder, Shell cautious at Mboumba meetings

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“The oil companies' quiet retreat from the Gulf of Guinea”

GULF OF GUINEA

The oil companies' quiet retreat from the Gulf of Guinea

Long considered an oil Eldorado thanks to the presence within the region of Africa's two leading oil producers, Nigeria and Angola, the Gulf of Guinea is declining. The inexorable rundown in its output -few if any new discoveries have been made recently in Gabon, Cameroon or Equatorial Guinea - and the fall in oil prices brought about by the Covid-19 pandemic have speeded up the retreat from the region in which the oil majors have been engaged for some years already. [...]

When in Cape Town for the Africa Oil Week, the now former minister met with the oil firms to take stock of their activities in Gabon and get a feel for their interest in his licencing round. Here's what they had to say to each other. Mboumba was ousted on December 2 to make room for the former director general of hydrocarbons Vincent de Paul Massassa to take the role. [...] (439 words)

Published on 03/12/2019 at 03:30 GMT Reading time 2 minutes

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Energy

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GABON
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GABON
Ali Bongo
Alilat Antseleve Oyima
Assala Energy
Bernardin Mvé Assoumou
BP
Carlyle
CGG
Cnooc
DGH
ExxonMobil
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This article may be accessed by subscribers and e-wallet holders (USD 12.50)

2 options offered to continue reading

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Set up email notifications for these topics

How Assala, Total and Perenco increase profits thanks to Covid-19 and at Gabon's expense

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Who has Carlyle tasked with its plan to conquer the continent?

Set up email notifications for these topics

First visit

Contacts

Tools

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A website produced by

Indigo Publications also publishes: