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Acquisitions and Divestitures News in Gabon

VAALCO Announces Transformational Acquisition of Additional Interest at Etame Block
11/17/2020 - VAALCO Energy, Inc. has signed a sale and purchase agreement (“SPA”) to acquire Sasol Gabon S.A.’s (“Sasol’s”) 27.8% working interest(1) in the Etame Marin block offshore Gabon. Since VAALCO currently...
Total Gabon Divests its Portfolio of Mature Non-Operated Assets
7/30/2020 - Total announces that its 58% owned affiliate Total Gabon has signed an agreement with Perenco to divest its interests in seven mature non-operated offshore fields, along with its interests and operato...
Tullow Formalises its Back-in Right to Dussafu PSC Offshore Gabon
12/18/2019 - Tullow Oil Gabon S.A. has formalised its longstanding and previously disclosed 10% back-in right to the Dussafu Production Sharing Contract (“PSC”). ...
ONE-Dyas Reaches Agreement to Extend Its Participation in Kowe Project
11/21/2019 - ONE-Dyas has successfully concluded its negotiations with the Gabonese authorities in relation to its interest in the Kowe block. As a result, ONE-Dyas will hold rights until end of production in 2036...
Assala has 4 Licence Renewals & New Exploration Acreage Acquisitions
10/28/2019 - Assala Energy announced a 25-year renewal of four of its onshore production licences, as well as the acquisition of three new onshore exploration licences. ...
Agreement with GOC for Farm-in in the Dussafu License
3/19/2019 - BW Energy Gabon SA (BWE), a subsidiary of BW Offshore and the operator of the Dussafu license, has entered into an agreement with Gabon Oil Company (GOC) for the acquisition of a 10% interest ...
Shell Completes Sale of Gabon Onshore Interests for $628m
11/1/2017 - Royal Dutch Shell plc (Shell), through its affiliates, has completed the sale of its entire Gabon onshore oil and gas interests to Assala Energy Holdings Ltd. (Assala Energy) a portfolio company of Th...
Panoro Energy Completes Dussafu Transaction
4/28/2017 - Panoro Energy ASA (Panoro) is pleased to announce the closing of the sale of a 25% working interest in the Dussafu Production Sharing Contract (Dussafu PSC) offshore Gabon to BW Energy Gabon (BWEG), a...
BW Offshore Completes Acquisition of Stake in Dussafu Field
4/10/2017 - BW Energy Gabon Pte. Ltd (BWEG), a subsidiary of BW Offshore, has completed the acquisition of 100% interest in Harvest Dussafu B.V. from Harvest Energia B.V., a wholly-owned subsidiary of Harvest Nat...
Shell Divests Gabon Onshore Interests for $587 Million
3/24/2017 - Royal Dutch Shell plc (Shell), through its affiliates, has reached an agreement with Assala Energy Holdings Ltd. a portfolio company of The Carlyle Group, to sell 100 percent of its Gabon onshore inte...
Total Sells Interests in Mature Fields to Perenco
2/27/2017 - Total has signed an agreement for the sale of stakes and the transfer of operatorship in various mature assets in Gabon to Perenco. The transaction is subject to approval by the authorities.This agree...
Panoro Enters into Definitive Sale & Purchase Agreement on Dussafu
2/22/2017 - Panoro Energy ASA (Panoro) is pleased to announce that on 21 February 2017 its fully-owned subsidiary, Pan-Petroleum Gabon B.V. (PPGBV), has entered into a definitive Sale and Purchase Agreement (the ...
Harvest Natural Resources to Sell Interests in Gabon
12/22/2016 - Harvest Natural Resource, Inc. (HNR) and its wholly owned subsidiary, HNR Energia B.V., have entered into a Sale and Purchase Agreement with BW Energy Gabon Pte. Ltd, a private Singapore company, to s...
VAALCO Closes Acquisition of Additional Interest in Etame Marin Permit
11/28/2016 - VAALCO Energy, Inc. has closed on the purchase of an additional 3.23% participating interest (2.98% working interest) in the Etame Marin Permit located offshore of the Republic of Gabon from Sojitz Et...
Shell in Talks over Gabon Sale as it Seeks to Hit Divestment Target
11/25/2016 - Royal Dutch Shell is in advanced talks with a party interested in buying its onshore operations in Gabon as part of a $30 billion divestment plan following its purchase of BG Group, which was complete...
Vaalco Acquired Additional Working Interest in Etame Marin Permit
8/1/2016 - VAALCO Energy, Inc. has signed a purchase and sale agreement to acquire an additional 3.23% participating interest in the Etame Marin Permit located offshore of the Republic of Gabon from Sojitz Etame...
Shell Eyes $700m Exit from Gabon
4/21/2016 - Royal Dutch Shell is working on selling out of its onshore assets in Gabon, according to two sources familiar with the matter, seeking to refocus its African presence. ...
Onal Agreement with the Government of Gabon
10/8/2015 - Tullow Oil plc has reached agreement with the Government of Gabon over its licences in the Onal Complex Fields. ...
Ophir Secures Two New Blocks Offshore Gabon
10/24/2014 - Ophir Energy plc has expanded its footprint offshore Gabon by signing exploration and production sharing contracts for two additional blocks. ...
Impact Oil Secures $55m Investment in Gabon
8/12/2014 - Impact Oil & Gas has raised a total of US$55 million through a private placing of new shares to both new and existing investors. The bulk of the placing, a total of US$50 million, has been raised from...

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