Search

Gabon to Launch Oil Exploitation in New Wells Following Assala Energy Acquisition

  • Gabon Oil Company expands operations with new onshore wells
  • Assala Energy nationalisation boosts state’s control in oil sector

Gabon is set to begin exploitation activities at two new oil wells, Ozigo II and Nziembou II, as part of efforts to expand the state’s share of national production. The operations will be conducted by the Gabon Oil Company (GOC), which became the country’s second-largest oil company following its acquisition of Assala Energy in June.

You need an active subscription to continue reading this article.

Recent Business

breaking_news
Rwanda Inflation Slows, but Conflict in Congo Poses Economic Risks
Read More »
breaking_news
Egypt’s Inflation Cools for Third Consecutive Month
Read More »
Cellphone with webpage of African bank Ecobank Transnational Inc. on screen in front of business logo. Focus on center of phone display
Ecobank Partners With XTransfer to Enable African Businesses to Pay for Chinese Imports in Local Currency
Read More »

Recent Politics

generic-1-1024x683
Ghana Names Asiamah as Central Bank Governor as Addison Retires
Read More »
breaking_news
ECOWAS to Maintain Trade Ties with Burkina Faso, Mali, and Niger
Read More »
Ethiopia, Tigray Valley, day life
Cash Withdrawals Surge in Tigray Amid Instability Fears
Read More »

Latest Posts

Latest news insights