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Tullow Oil oil exploitation licenses: the Gabonese government approves the extension until 2046

14/08/2023
Source : ORISHAS FINANCE
Categories: Sectors

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Tullow Oil announced that it has obtained approval from the Gabonese government for the extension of several of its oil exploitation licenses until 2046. The British oil and gas company holds permits on 7 oil fields in production and one field

under exploration.

Tullow Oil claims that this expansion will allow it to intensify its activities in the country. In May, the company announced that it wanted to invest 1.4 billion USD in the Gabonese oil sector over the next 4 years. Enough to increase its production in the country, estimated at 13 000 barrels/day. é é The company of é ' Clare has a net production of around 14% 900 bpj to

from its Gabonese assets in 2022.
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