Wednesday, 17 April 2013

Gabon Oil and Gas Report Q2 2013

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Gabon Oil and Gas Report Q2 2013
Apr 17th 2013, 00:00

BMI View: We expect oil production in Gabon to fall slightly in 2013 to 243,000 barrels per day (b/d),compared to 244,000b/d in 2011. Over the course of our forecast period, we expect production to continuetrending downward to reach 235,000b/d in 2017. Although a planned offshore licensing round andcontinued offshore exploration - including recent discoveries - hold upside risk to our forecasts, withoutadditional volumes from new discoveries Gabon''s oil production is set to decline as output falls frommaturing fields. Efforts to develop the country''s gas potential hold the prospect of further gains, as does aproposed new refinery that would allow the country to beco...

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