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Gabon Extends Bid Deadline for Deepwater Licensing Round

Source: www.gulfoilandgas.com 3/22/2016, Location: Africa

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Gabon is calling for international participation in the new 11th Licensing Round which will focus on five blocks covering some of the country's key deep water acreage in the highly prospective South Gabon Salt Basin. In response to the exploration challenges CGG has been appointed to advise the Direction Generale des Hydrocarbures (DGH) on the promotion of this license round and has worked directly with the Ministry to acquire over 25,000 km² of new 3D BroadSeisTM multi-client seismic data.

The round was formally opened on 27th October 2015 by His Excellency, Minister for Petroleum, Mr. Etienne Dieudonné NGOUBOU at the 22nd Africa Oil Week conference in Cape Town South Africa.

His Excellency, Minister for Petroleum, Mr. Etienne Dieudonné NGOUBOU, said:

"The Oil Ministry has very high hopes for Gabon’s new 11th licensing round and are excited by the opportunities for the successful development of this highly prospective region. New deep-water exploration wells offshore Gabon, such as Shell’s recent Leopard discovery, indicate a significant pre-salt basin and the new 3D multi-client data acquired by CGG greatly upgrades the resolution of the pre-salt image, further enhancing the chances of exploration success."

For more information about related Opportunities and Key Players visit West Africa Projects

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