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

Dutch Contractor Completes Malaysia’s Largest 'Rig-to-Reef' Decom Project

MODEC and Terra Drone Renew FPSO Drone Inspection Partnership

Chuditch Gas Field Drilling Ops Get Delayed to Next Year

TPAO, SOCAR and BP to Ink Caspian Sea Oil and Gas Production Deal

Turkey Discovers New Black Sea Gas Reserve

Chuditch Gas Field Up for Summer Drilling Ops as Sunda Reshapes Ownership Structure

CNOOC Puts Into Production New Oil Field in South China Sea

Hanwha Ocean Marks Entry into Deepwater Drilling Market with First Drillship

CNOOC Makes Major Oil and Gas Discovery in South China Sea

Keel Laying for Wind Flyer Trimaran Crew Boat

Current News

Pandion Energy Divests Interests in Three Norwegian Assets to Inpex

China Starts Production at Major Oil Field in Bohai Sea

Dutch Contractor Completes Malaysia’s Largest 'Rig-to-Reef' Decom Project

China Rolls Out 17MW Floating Wind Turbine Prototype

SBM Offshore’s Jaguar FPSO Enters Drydock in Singapore (Video)

EnQuest Picks Up Offshore Oil and Gas Block in Brunei

CNOOC Finds Oil and Gas in South China Sea

Seatrium Makes First Turnkey FPSO Delivery to Petrobras

KBR-SOCAR Joint Venture Secures Work for BP in Azerbaijan

Baker Hughes, Petronas Team Up for Asia-Pacific Energy Resilience

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