Petronas Signs Offshore Deal with Gabon

Laxman Pai
Monday, August 5, 2019

Malaysian oil and gas company Petroliam Nasional Bhd (Petronas) has signed an agreement with Gabon for two exploration permits after the African country enacted a new oil law last month.

A Bloomberg report quoted Noel Mboumba, Gabon’s petroleum minister saying that the deal follows the enactment of a revised hydrocarbons code last month, made with the support of the International Monetary Fund.

The new code is more fiscally attractive than the previous one, the statement said citing Mboumba, the report said.

Petronas  already has a presence in Gabon and is the first company to sign an exploration and production contract in the country in five years.

Categories: Offshore Energy Drilling Exploration Contract

Related Stories

Velesto’s Drilling Rigs Up for Automatization Overhaul Under New Tech Alliance

Beam’s AI-Driven AUV to Hit Offshore Wind Market in 2025

Floating Wind and the Taming of Subsea Spaghetti

Fugro Names Annabelle Vos Director for Middle East & India

CNOOC Kicks Off Production from Bohai Bay Field

Shelf Drilling Finalizes Baltic Rig Sale

Korea's Hanhwa Sets Out Plan for Full Takeover of Singapore's Dyna-Mac

A Hydrogen Balancing Act in Offshore Energy

China’s First Offshore Wind Power SOVs Delivered

Valeura Set to Restart Wassana Production Offshore Thailand

Current News

Sapura Scoops Petrobras Contract for Pan-Malaysia Offshore Services

Velesto’s Drilling Rigs Up for Automatization Overhaul Under New Tech Alliance

US Firm Finds Chinese Partner to Deliver Mobile Offshore Drilling Units

TotalEnergies and Oil India to Jointly Tackle Methane Emissions Issues

Keppel Reclaiming Control of 13 Rigs to Cash In on Offshore Drilling Market's Growth

Global Offshore Wind Stumbles to the End of '24

Seatrium Delivers Fifth Jack-Up to Borr Drilling

Malaysia's FPSO Firm Bumi Armada Eyes Merger with MISC’s Offshore Unit

Global OTEC Presents OTEC Power Module for Remote Offshore Platforms

Beam’s AI-Driven AUV to Hit Offshore Wind Market in 2025

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com