H.E. Pascal HOUANGNI AMBOUROUE, Minister of Oil and Hydrocarbons, made the announcement during a special session within the main auditorium of the Africa Oil Week event on Wednesday 7 November 2018. This announcement was followed by a technical and fiscal workshop to detail the new petroleum code, the license round and associated terms.
The Minister also released information on available blocks, the improved fiscal terms, round timings and conditions of the 12th Gabon Licensing Round. Ambouroue told delegates that Gabon’s new, improved petroleum code prioritises competitiveness and transparency and is adapted to oil price fluctuations.
The acreage on offer includes 12 shallow-water blocks and 23 deep-water blocks. The license round is due to close on 22 April 2019 with bids to be reviewed on 23 May and winners revealed on 24 June.
Provisional dates and venues of follow-up global licence round Road Shows, supported by Spectrum, are as follows:
- 6 December 2018 – Houston, TX, USA
- 15 January 2019 – London, United Kingdom
- 19 February 2019 – Singapore, Singapore
- 26-28 March 2019 – APPO Cape VII Conference, Malabo, Equatorial Guinea
Explore the blocks on offer in this landmark licensing round with Spectrum’s INTERACTIVE MAP TOOL.
Spectrum, in collaboration with the Direction Générale des Hydrocarbures (DGH) has undertaken a number of shallow water 3D seismic surveys across the open blocks available in the 12th License Round. This data provides the industry with state of the art 3D broadband data. A variety of plays are targeted to allow a new generation of oil exploration in these prolific basins.
Seismic has been acquired in both north and south of the country. The 11,500 km2 southern survey, now complete, is the definitive dataset to image the pre-salt and, for the first time, intra syn-rift plays can be targeted. In the North, acquisition of a 5,500 km2 3D survey images pre and post-salt targets.
Data is available now for License Round evaluation facilitating immediate activity when the blocks are awarded.