Gabon Extends Licensing Round Closing Date

Image: Conjocture Economique

Gabon has announced a new closing date for its 12th shallow and deepwater licensing round, from 10 January 2020 to 30 April 2020. The round was initially set with a deadline of April 2019.

Thirty-five blocks will be on offer; 12 shallow water and 23 deep water blocks. Geophysical company TGS was appointed as an official technical partner in support of Gabon’s Directorate General of Hydrocarbons and it has gained 17,000km2 of 3D broadband services across key areas, in addition to offering strategically placed national 2D seismic coverage.

“I take note that the companies interested in the invitation to tender have requested the postponement of the closing date for submission of tenders initially planned for January 10, 2020, in particular for more time for decision on blocks of interest, analyzing standard contracts and complying with the requirements of evaluation,’ said Minister of Oil, Gas, Hydrocarbons and Mining H.E. Vincent de Paul Massassa.

All of Gabon’s current offshore production comes from relatively near-shore fields.