GABON

(in West Africa)

CAPITAL: LIBREVILLE

POPULATION: 1.5 mm

AREA (on): 267,700 km2

OIL PEAK: 1996

SUPPLY

Gabon was a member of OPEC but withdrew in 1994. Production rapidly increased but peaked in 1996. Unbroken decline has since occurred although new offshore and onshore output has now created a plateau which may be sustained until at least 2014.

Approximately equal amounts of oil have been produced onshore and offshore from adjoining basins. Although there is some deepwater potential Gabon lacks the deepwater basin geology of neighbouring countries.

Most associated gas is flared or re-injected but production is forecast to start increasing as new local markets are established.

 

DEMAND

After hitting a low in 1998 consumption has been very slowly increasing since 2002. Exports have declined from a high in 1997 due to reduced output.

Gas consumption, which is very low, will increase rapidly after 2009 as new markets are created and fuel substitution strategies are developed.

 

 
 

This is a simple forecast - detailed forecasts including offshore and onshore, deep water splits, sedimentary basins and major fields and drilling etc. can be purchased for most countries.

 

An onshore and offshore oil and gas production, consumption and drilling activity forecast report on this country can be commissioned,

including all relevant charts. Contact us for price and contents list.

 

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