Published on 09.05.2023 at 2:05 p.m. by Journal du Gabon. Com
The British company BW Energy exchanged Monday, May 08, 2023, with the Minister of Oil for the acquisition of two new blocks, as part of the 12th call for tenders.
As Oil Minister Vincent de Paul Massassa pointed out, the negotiations are very advanced and should very soon lead to the signing of an exploration and production sharing contract (Cepp) in the two permits requested. BWEnergy’s flourishing activities on the Hibiscus/Ruche field enable the oil sector to achieve the objectives assigned to it under the Transformation Acceleration Plan (PAT), in particular that relating to stopping the fall in the production of crude.
However, the company produced in two months, it allowed to add 7500 barrels to the daily production of BWE, increasing it to 16,000 barrels/day. Chairman and CEO Lin G Espey also specified that in ” December 2023, we will reach 40,000 barrels/day”. Learn on Gabon Actu.
It should be noted that this production was made thanks to the activation of the mobile production unit « Bombs» (wealth in a local language), is the result of a partnership between a group of contactors (BW Energy, Gabon Oil, Panoro Energy) and the Gabonese State through the exploration and production sharing contract called « Dusafu Marin n° G4-209 ».
