In a statement, the British oil company Tullow Oil announced that it had sold its assets in Gabon to the Gabonese State for a total amount of 300 million dollars, or about 181 billion CFA francs.

The purchase of Tullow Oil's assets will allow Gabon and more particularly Gabon Oil Company (GOC) to increase its market share in the oil sector and gradually guarantee the country's takeover of this sector. This operation will bring domestic production to 82,000 barrels per day

Gabon's oil assets are managed by Gabon Oil Company (GOC), the national hydrocarbon company created in 1991 by former President Ali Bongo Ondimba. Tullow Oil is a British company, based in London, that deals with the exploration and exploitation of oil and gas fields. In Gabon, the company has never established itself as a major producer.