The Ministry of Oil and Hydrocarbon are pleased to announce the opening of the 12th Shallow and Deep Water Licensing Round offshore Gabon.
This highly-anticipated round has been specifically timed to leverage the latest insights on exploration potential offered by the availability of new 3D seismic data on the margin, over a number of different exploration plays. The blocks on offer are generally covered by this exciting new multi-client 3D seismic, ensuring the availability of cost effective access to the best data to evaluate the acreage.
In addition to this modern seismic imaging, new commercial terms have also been drawn up to encourage new investment in Gabon’s petroleum sector offshore.
The round is due to close at the end of September 2019.Further information on the fiscal terms, blocks offered and hydrocarbon prospectivity is detailed in the document below…