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Oil exploration: Gabon seeks to identify new hydrocarbon producing fields

04/11/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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Gabon is pursuing its strategy of opening up deep offshore through new partnerships with two majors internationals. The signing was done on the sidelines of African Energy Week 2025, organized in Cape Town (South Africa) from Monday September 29 to Friday 3 October.

In the space of one week, Gabon signed two memorandums of understanding, continuing its strategy of opening up offshore profound through new partnerships with two international majors. These agreements are a continuation of a dynamic already initiated by other actors operating in Gabon, such as Perenco , Assala Energy or Vaalco Energy . Together, they participate in the national strategy aimed at modernising the oil sector and renewing reserves of hydrocarbons.

Official data shows that almost 70% of Gabonese offshore domain remains unexplored, which confirms the extent of the oil and gas potential still available in the Central African country. The Gabonese authorities are seeking to attract partners with a advanced technological know-how in order to exploit the potential of their areas deep offshore.

The latest one was relayed on Thursday, October 30 2025, by the Africa Energy Chamber (AEC) which announced the signing of a memorandum of understanding between the Ministry of Oil, Gas and Mines and the British group BP concerning the exploration of deepwater blocks and ultra-deep.

A few days earlier, the Wednesday, October 22, 2025, the international press reported the signing of a Memorandum of understanding without legal commitment with the multinational American mso-ansi-language:fr; Mso-fareast-language:en-us; Mso-bidi-language:ar-sa"> ExxonMobil , focused on identification additional offshore prospects

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