LogIn LogOut

Petronas Signs Offshore Deal with Gabon

August 5, 2019

Image: Petronas
Image: Petronas

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.



Current News

Report: Borr Finds More Work for Mist Jack-Up Rig

Report: Borr Finds More Work for Mist Jack-Up Rig

Oil Spill from S-Oil's Offshore Buoy Contained Off S.Korea

Oil Spill from S-Oil's Offshore Buoy Contained Off S.Korea

Kuok in Compulsory Takeover of Remaining POSH Shares

Kuok in Compulsory Takeover of Remaining POSH Shares

Fugro Takes Part in Cambodia's First Oil Development

Fugro Takes Part in Cambodia's First Oil Development

Bumi Armada Might Appeal Woodside FPSO Case Ruling

Bumi Armada Might Appeal Woodside FPSO Case Ruling

OMV Hires Solstad PSV for New Zealand Campaign

OMV Hires Solstad PSV for New Zealand Campaign

Shearwater Scores More Seismic Work in India

Shearwater Scores More Seismic Work in India

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