Continental Focus, International Reach

Gabon to Launch Licensing Round at Cape Town Event

Tuesday, October 30, 2018

Gabon plans to launch its highly-anticipated 12th Shallow and Deep Water Licensing Round of open blocks in November. The opening of the licensing round will take place at the 25th Africa Oil Week being held in Cape Town.

H.E. Pascal HouangniAmbouroue, Minister of Oil and Hydrocarbons, will make the announcement during a special session within the main auditorium of the Africa Oil Week event at 08:50 on November 7.

This announcement will immediately be followed by a technical and fiscal workshop that will detail the new petroleum code, the license round and associated terms.

This workshop will take place at 11:00 in the Southern Sun hotel on November 7 and the agenda will include further details of available blocks, the fiscal terms, timings and conditions of the 12thGabon Licensing Round.

The Minister of Oil and Hydrocarbons will also advise the dates and venues of the associated global license round Road Shows, supported by Spectrum.

Spectrum, in collaboration with the Direction Générale des Hydrocarbures (DGH) has undertaken a number ofshallow 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 the north and south of the country. The 11,500 sq km 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 sqkm 3D survey images pre and post-salt targets.

Data is available now for evaluation to facilitate immediate activity when the blocks are awarded.