- BP, Exxon eye ultra-deepwater return
- Fiscal overhaul aims to unlock new capital
LIBREVILLE, GABON – Gabon is racing to secure fresh oil investment, targeting ultra-deepwater exploration to reverse declining output and reposition itself as a frontier energy hub.
Gabon plans to finalise production-sharing contracts (PSCs) with BP Plc and Exxon Mobil Corp. by October 2026, marking a strategic return of global “supermajors” to a basin long plagued by stagnation.
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