The Gabon Oil Company is the national oil and gas company of the African nation of Gabon. It is the successor to the Société Nationale Petrolière Gabonaise, which was disbanded in 1987. After that, Gabon had no national petroleum company until the Gabon Oil Company was established in June 2011.[2]
Operations
The government of Gabon controls petroleum and mineral rights within the state. Gabon's oil reserves are onshore, shallow water and deep water exploration blocks (geographic areas) and working fields. By the late 1990s, Gabon was producing 370,000 barrels of crude petroleum a day (bpd).[3] Perenco, Shell, and TotalEnergies controlled 75 percent of the nation's total oil production.[4]