Gabon Oil and Gas Report Q3 2016

Date: July 27, 2016
Pages: 81
US$ 1,295.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)

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Includes 3 FREE quarterly updates

BMI View: Gabon's oil sector remains vulnerable to the decline in global oil prices, with reports of delays to a key upstream project on the back of uncertain economic conditions. Continued upstream investment is indicative of the market's untapped potential, but above-ground worries ranging from industrial action to unattractive fiscal terms will remain obstacles to the sustained investment necessary to reverse declining reserves and output.

The main trends and developments we highlight for Gabon's oil and gas sector are as follows:
  • Gabon rejoined OPEC in June 2016, becoming the 14th and smallest member of the cartel in terms of production.
  • In October 2015, Gabon launched its 11th licensing round. The round offers five deepwater blocks in the Gabon South basin: E12, E14, F12, F13 and G14. Bids for the 11th Gabonese deepwater Licensing round have now been submitted following the April 29 deadline.
  • Shell reported in April 2016 that it is looking to divest its onshore assets in Gabon, worth about USD700mn.
  • It was reported that operator Harvest planned to drill additional wells on the Dussafu permit before reaching a conclusion on how best to develop the block, and in August 2015 Panor Energy, a partner on the block, took a USD32.4mn charge after it was announced the entire development would be reviewed. An FID is still awaited.
  • While most upstream activity in Gabon is focused on liquids, there is some limited potential upside from the development of recent natural gas discoveries. There were reports Royal Dutch Shell was considering a liquefied natural gas (LNG) option for development of the deepwater Leopard-1 and Leopard-2 discovery in the BCD10 license.
BMI Industry View
  Table: Headline Forecasts (Gabon 2014-2020)
Industry Forecast
Upstream Exploration
Latest Updates
Structural Trends
Upstream Projects
  Table: Gabon Major Upstream Projects
Upstream Production - Oil
Latest Updates
Structural Trends
  Table: Oil Production (Gabon 2014-2019)
  Table: Oil Production (Gabon 2020-2025)
Upstream Production - Gas
Latest Updates
Structural Trends
  Table: Gas Production (Gabon 2020-2025)
Latest Updates
Structural Trends
  Table: Refining Capacity and Refined Products Production (Gabon 2014-2019)
  Table: Refining Capacity and Refined Products Production (Gabon 2020-2025)
Refined Fuels Consumption
Latest Updates
Structural Trends
  Table: Refined Products Consumption (Gabon 2014-2019)
  Table: Refined Products Consumption (Gabon 2020-2025)
Gas Consumption
Latest Updates
Structural Trends
  Table: Gas Consumption (Gabon 2014-2019)
  Table: Gas Consumption (Gabon 2020-2025)
Trade - Oil
Crude Oil
Latest Updates
Latest Updates
  Table: Crude Oil Net Exports (Gabon 2014-2020)
  Table: Crude Oil Net Exports (Gabon 2020-2025)
Refined Fuels
Latest Updates
Structural Trends
  Table: Refined Fuels Net Exports (Gabon 2014-2019)
  Table: Refined Fuels Net Exports (Gabon 2020-2025)
Industry Risk Reward Ratings
Africa - Oil & Gas Risk/Reward Index
  Table: BMI Africa Oil & Gas Risk/Reward Index
Above-Ground Risks Dulling Below-Ground Potential
  Table: BMI Africa Upstream Risk/Reward Index
Downstream Sector Holds Limited Opportunity
  Table: BMI Africa Downstream Risk/Reward Index
Gabon - Risk/Reward Index
Upstream Index
Downstream Index
Market Overview
Gabon Energy Market Overview
Regulatory Structure
Fiscal Regime
  Table: Gabon Fiscal Regime
Licensing Regime
  Table: Gabon Licensing Terms
Oil And Gas Infrastructure
Oil Refineries
Gas Facilities
Competitive Landscape
Competitive Landscape Summary
  Table: Key Players - Gabon Energy Sector
Company Profile
Addax Petroleum
Latest Updates
Company Overview
Main Assets in Gabon
  Table: Major Upstream Assets in Gabon
Regional Overview
Africa - Bullish Gas, Bearish Oil
  Table: Africa Oil & Gas Production, Consumption, Refining Capacity And Trade
  Table: Glossary Of Terms
Industry Forecast Methodology
Risk/Reward Index Methodology
  Table: Bmi's Oil & Gas Upstream Risk/Reward Index
  Table: Weighting
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