Acquisitions and Divestitures News in Gabon

Tullow Completes Sale of Dussafu Asset in Gabon
6/9/2021 - Tullow Oil plc (Tullow) is pleased to announce that the sale of its Dussafu Marin permit asset in Gabon to Panoro Energy ASA (Panoro) has now completed.

Earlier today, Tullow received a p...
Panoro Completes Gabon Acquisition
6/9/2021 - Panoro Energy ASA is pleased to announce the completion of the acquisition of an additional 10% working interest in Dussafu Marin permit, offshore Gabon, by its subsidiary Pan-Petroleum Gabon B.V. (“P...
Vaalco Closes Acquisition of Additional Interest in Etame Field
2/25/2021 - VAALCO Energy, Inc. has now completed the previously announced acquisition of Sasol Gabon S.A.’s (“Sasol”) 27.8% working interest(1) in the Etame Marin block offshore Gabon, increasing the Company’s t...
Tullow Agrees $180M Sale of Assets in West Africa to Panoro
2/9/2021 - Tullow Oil plc has signed two separate sale and purchase agreements with Panoro Energy ASA (Panoro) for all of Tullow’s assets in Equatorial Guinea (the EG Transaction) and the Dussafu asset in Gabon ...
VAALCO Announces Etame Acquisition Update
12/21/2020 - VAALCO Energy, Inc. announced that, in connection with VAALCO’s previously announced acquisition from Sasol Gabon S.A. (“Sasol”) of Sasol’s 27.8% working interest(1) in the Etame Marin block offshore ...
Sasol Divests from Gabon Upstream Oil Assets, Advancing Future Strategy
11/18/2020 - Sasol Gabon S.A. and VAALCO Gabon S.A.have signed a sale and purchase agreement (SPA) that will see VAALCO acquire Sasol’s 27.8% working interest in the Etame Marin block offshore Gabon (Etame). In ad...
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...

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