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

Japanese Oil and Gas Firm Enters Two Blocks off Malaysia

Chuditch Gas Field Drilling Ops Get Delayed to Next Year

Fugro Expands Geotechnical Testing Capabilities in Indonesia

BP Expands Oil and Gas Scope in Azerbaijan with New Projects and Exploration Rights

Hanwha Drilling’s Tidal Action Drillship En Route to Petrobras’ Roncador Field

India Stretches Bids Deadline for 13 Offshore Deep-Sea Mineral Blocks

CNOOC Puts Into Production New Oil Field in South China Sea

Eneos Scoops Jack-Up Drilling Contract Offshore Vietnam

Jadestone Submits Field Development Plan for Assets Off Vietnam

Valeura Wraps Up Infill Drilling Campaign in Gulf of Thailand

Current News

Petronas Expands Suriname Portfolio with Deepwater Block Acquisition

Japanese Oil and Gas Firm Enters Two Blocks off Malaysia

Yinson Production, “K” LINE Target Europe's CCS with FSIU and LCO2 Solutions

Woodside Agrees Long-Term LNG Supply with Petronas Unit

MODEC and Terra Drone Renew FPSO Drone Inspection Partnership

Yinson Production Closes $1B Investment to Drive Further Growth

Petronas-Eni Upstream Joint Venture to Take Up to Two Years to Set Up

Wood JV Gets EPC Job for Shell off Brunei

Chuditch Gas Field Drilling Ops Get Delayed to Next Year

French Oil Major Acquires Interests in Multiple Blocks in Southeast Asia

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