Gabon Supplement:
Revitalizing the Petroleum Industry
In order to stem its downward production trend, the Gabonese government is engaged in direct negotiations with oil companies to prospect the under-explored region and to develop the gas industry. The profitable petroleum industry is financing the country's infrastructure and social programs.
The Republic of Gabon ranks fourth among the leading oil producers in sub-Saharan Africa and the government hopes to add deepwater success to its lineup of producing fields. Some of the primary producers include the Rabi-Kounga, Gamba/Ivanga, Echira, Coucal, and Avocette onshore fields and the following offshore fields: Baudroie-Marine, Ablette, Roussette, Pingouin, Mérou, Lucina, Mbva, and Brême.
To read the entire Supplement, click here.
Equatorial Guinea Supplement:
A unique success story - The profitable petroleum industry is financing the country's infrastructure and social programs.
Okume Complex, operated by Hess Corporation, achieved its first production in December 2006, in early 2008 reached 40 000 b/d and is expected to reach a net peak production rate of 80 000 b/d in 2011. Like most success stories, the tale of oil in the 10,811-sq-mile country of Equatorial Guinea didn't happen overnight. A string of exploration failures left Equatorial Guinea standing apart from its neighbors with no proven reserves.
To read the entire Supplement, click here. | 
