Gabon Oil and Gas Market Report Q1 2013

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Gabon Oil and Gas Report Q1 2013 Feb 6th 2013, 00:00 BMI View: We estimate oil production in Gabon stayed relatively flat in 2012 at 247,000 barrels per day(b/d) compared to 2011''s 244,000b/d. Over the course of our forecast period, we expect production tocontinue trending downward to reach 234,000 b/d in 2016. Although a planned offshore licensing roundand planned exploration hold upside risk to our forecasts. But without additional volumes from newdiscoveries, Gabon''s oil production is set to decline as output falls from maturing fields. Efforts to developthe country''s gas potential hold the prospect for further gains, as does a proposed new refinery that wouldallow the country to become a net exporter of refined p...

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