Gabon Oil and Gas Report Q4 2016

Date: September 21, 2016
Pages: 88
US$ 1,295.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: G8884206A26EN

Download PDF Leaflet

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:
  • Our Country Risk team believes that outbreaks of violence across the Gabonese capital, Libreville, will not be enough to unseat re-elected President Ali Bongo. Bongo's victory in the August 27 presidential election is unlikely to be overturned, and they expect the unrest following the official results announcement, that has seen the burning of the parliament building and a raid on opposition headquarters, to calm in the coming days and weeks. Oil production should therefore not be impacted by the events, unless massive strike actions take place, something that has already taken place in the past within the industry.
  • Gabon rejoined OPEC in June 2016, becoming the 14th and smallest member of the group 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. In March 2016, the licensing round was extended to allow for changes in the fiscal terms on offer. In our view, Gabon will need to show substantial flexibility in its licensing in order to draw investment into its frontier deepwater and ultra-deepwater acreage.
  • Shell reported in April 2016 that it is looking to divest its onshore assets in Gabon, worth about USD700mn. Should a sale occur, this yields downside risk to our Gabon oil production forecast: Shell's assets notably include the Rabi Kounga and Gamba fields. We will wait to see whether the fields are sold and to whom before updating our forecast.
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 2014-2019)
  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
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
Skip to top

Ask Your Question

Gabon Oil and Gas Report Q4 2016
Company name*:
Contact person*:
Request invoice
Your enquiry:
Please click on a Check Box below to confirm you are not a robot: