Gabon’s Ministry of Petroleum is reviving efforts to promote its offshore blocks, with an official announcement made on Wednesday, July 2. The focus is shifting to deepwater areas, which remain largely underexplored. This strategy comes as the nation’s oil output declines, driven by maturing onshore fields and insufficient reserve replacement.

For more information, please see https://www.ecofinagency.com/news-industry/0407-47552-gabon-turns-to-deepwater-offshore-oil-to-stem-decline-of-mature-fields