Country Report
Gabon upstream summary
Report summary
Gabon is currently the fourth largest oil producer in Sub-Saharan Africa after Nigeria, Angola and Congo-Brazzaville. Production peaked at around 370,000 b/d in 1996 and has been in decline since. Production in 2020 was significantly hampered by the oil price crash. As an OPEC member, Gabon agreed to temporarily cut production with targets as low as 144,000 b/d, 35% lower than 2019 production. Gabon struggled to meet the quota and averaged around 195,000 b/d in 2020. Production quotas ...
Table of contents
- Executive summary
- Key facts
- Location maps
- Key companies
-
Geology
- Introduction
-
Gabon basin structure and tectonics
- Salt structures
- Post-salt fractures in the northern sub-basin
-
Southern sub-basin stratigraphy
- Syn-rift stratigraphy (Berriasian - Early Aptian)
-
Petroleum plays
- Pre-salt plays
- Post-salt plays
-
Exploration
-
Licensing
- 12th Offshore Round
- Recent licensing
- Early licensing
-
Drilling
- Drilling activity
- Future exploration
- Recent drilling
- Early exploration
-
Licensing
-
Reserves and resources
- Contingent resources
-
Production
- Liquids
-
Gas
- Sales gas
- Other potential monetisation options
- Emissions
-
Infrastructure
-
Oil export terminals
- Cap Lopez
- Gamba
- FSO Mayumba
- FPSO Petroleo Nautipa
- FSO Fernan Vaz
- FPSO Adolo
- Refinery
-
Oil export terminals
-
Costs
-
Capital costs
- Capital expenditure by location
-
Operating costs
- Operating expenditure by location
-
Capital costs
-
Policy and regulation
-
Key legislation
- 2019 Petroleum Code
- 2014 Petroleum Code
-
Regulatory body
- State oil company
-
State participation
- State participation under the 2019 Petroleum Code
- Ownership of Elf and Shell subsidiaries
- State participation since the Second Licensing Round (1986)
-
Licensing
- Concessions
- Production Sharing Contracts (PSCs)
-
Key legislation
-
Fiscal terms
-
Overview
- Upstream
- Mid/Downstream
- Current fiscal terms
-
Production Sharing Contracts (PSCs)
- Licence types
- State equity participation
- Bonuses, Rental and Fees
- Indirect Taxes
- Royalty and Other Production Taxes
- Domestic Market Obligation (DMO)
- Cost Recovery
- Profit Sharing
- Income taxes
- Local content provisions
- Abandonment provisions
-
Concessions
- State Equity Participation
- Bonuses, Rentals and Fees
- Royalty and Other Production Taxes
- Domestic Market Obligation (DMO)
- Contractor Revenue Entitlement
- Corporate (or Petroleum) Income Tax
- Fiscal/Contractual Ring-Fences
- Dividend Withholding Tax
- Other Taxes
-
Overview
Tables and charts
This report includes 26 images and tables including:
- Key facts: Table 1
- Location maps: Image 1
- Reserves and contingent resources at 01/01/2024
- Liquids and Gas Production 2021
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Oil infrastructure
- Reserves and resources: Table 3
- Production: Table 1
- Production: Table 2
- Gabon oil production
- Geological structure of Gabon
- Cretaceous to recent stratigraphy of the South Gabon Sub-Basin
- Early Cretaceous stratigraphy in the North Sub-Basin and interior basins
- Drilling activity by well type
- Gabon gas production
- Costs: Table 1
- Costs: Table 2
- Costs: Table 3
- Costs: Table 4
- Capital Expenditure by Sector (US$ million)
- Costs: Table 5
- Costs: Table 6
- Operating expenditure by region (US$ million)
- Fiscal terms: Table 1
- Fiscal terms: Table 2
What's included
This report contains:
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