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Gabon: the State announces the acquisition of Tullow Oil and SMP Africa

01/04/2025
Source : ORISHAS FINANCE
Categories: Sectors

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A travers un communiqué, l' Etat gabonais a annoncé le rachat des actifs de la compagnie pétrolière britannique Tullow Oil for an amount of 300 million dollars or 181 billion FCFA. The Petroleum Maintenance Company (SMP Africa) was also bought

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The interim president, General Brice Oligui Nguema wants to strengthen the economic sovereignty of Gabon. The acquisition of Tullow Oil Gabon, which produced up to 12,000 barrels per day, represents a major advance in this dynamic. With this acquisition, national oil production increases from 70,000 to 82,000 barrels per day, strengthening state revenues. The takeover operation was carried out by the Gabon Oil Company (GOC), the national hydrocarbon company

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Also, Gabon has also acquired SMP Africa, a French company specialized in maintenance and oil drilling. This decision aims to provide the country with increased technical know-how and to ensure better management of oil infrastructure

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