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New Petroleum Code threatens Gabon's deepwater aspirations

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04 July 2014

New Petroleum Code threatens Gabon's deepwater aspirations

Report summary

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

    PDF 292.52 KB

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