Insight

New Petroleum Code threatens Gabon's deepwater aspirations

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In early 2014, the government of Gabon gazetted the much delayed Petroleum Code. The big changes proposed include an increase in production royalties, introduction of corporate income taxes and back-in rights for the national oil company. Tightening of fiscal regimes is a recurring trend across Sub-Sahara Africa.  However, in other established producing countries like Nigeria and Angola, the fiscal terms were tightened after billion barrel discoveries were made. 

Table of contents

  • Petroleum code finally gazetted
    • Fiscal terms
    • Role of Gabon Oil Company (GOC)/Government of Gabon
    • Gas monetisation/flaring
    • Local content
  • Impact on existing players
  • What of the 2013 deepwater licences?

Tables and charts

This report includes 4 images and tables including:

  • Gabon production outlook (working interest production by company)
  • Licensed Deepwater acreage holders
  • Deepwater fiscal summary
  • Onshore/shelf fiscal summary

What's included

This report contains:

  • Document

    New Petroleum Code threatens Gabon's deepwater aspirations

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