Financials and Investment: News for Oil & Gas and Hydrocarbon Industries  Membership Services
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account Gulfoilandgas rss feed Follow us on Facebook  Jobs 
Products and vendors Services and providers Oil & Gas Software and publications

Total Gabon: Financial Results for First-Half 2007

Source: www.gulfoilandgas.com 8/31/2007, Location: Africa

Share |

Net income in the first half of 2007 was down 2.8% to $184.1 million compared to first half of 2006, whereas the average selling price of Gabonese crude oil decreased by 3.5%.

Sales: The selling price of the crude oil (Mandji and Rabi Light) marketed by Total Gabon averaged $58.53 per barrel in the first half of 2007, compared to $60.68 in the prior-year period, while sales contracted 1.4% to $705.9 million. Higher crude oil transportation revenues mostly offset the 4.8% decline in the volumes sold and the slight decrease in selling prices.

Production: Total Gabon's net share of the operated and non-operated oil produced (including the tax oil reverting to the Republic as per the profit sharing contracts) amounted 64,300 barrels per day in the period, compared to 68,000 barrels per day in first-half 2006. The 5.6% decrease in production can be attributed primarily to the natural decline of fields, which was not offset by new production or well workovers. The availability of facilities was similar to that in first-half 2006.

Financials and Investment News in Gabon >>

Kuwait Energy Keen to Invest More in Iraq
Iraq >>  8/26/2014 - The recent flare-up of violence in Iraq is past its worst and Kuwait Energy is keen to invest more in the country because of its potential, Chief Exec...
Aramco Plans to Invest $40b A Year For The Next Decade
Saudi Arabia >>  8/25/2014 - Saudi Aramco, the world's biggest oil producer, plans to invest $40 billion a year over the next decade to keep oil production capacity steady and dou...

Balance of Supply and Demand Forecast for 2014 - August 14
Austria >>  8/21/2014 - Demand for OPEC crude in 2014 was revised down by 0.1 mb/d from the previous report, reflecting the upward adjustment of non-OPEC supply as well as th...
KOGAS to Invest $4.9 Bln in Zubair Oil Project
  Iraq >>  8/18/2014 - Korea Gas Corp will invest 4.99 trillion Korean won ($4.9 billion) in Iraq's Zubair oil project, the state-run South Korean gas company said in a fili...

Oil Market Highlights - August 14
  Austria >>  8/11/2014 - Crude Oil Price Movements
The OPEC Reference Basket fell by $2.28 to $105.61/b in July amid easing worries about supply disruptions and w...

Balance of Supply and Demand - August 14
  Austria >>  8/11/2014 - Demand for OPEC crude in 2014 was revised down by 0.1 mb/d from the previous report to stand at 29.6 mb/d. In 2015, demand for OPEC crude is expected ...



Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Gabon Oil & Gas 1 >>  2 |

More News

Oil & Gas Companies in Gabon >>

Related Links

Countries Quick Links

AO BJ CD CG CI CM DZ EG ET GA GH GN GQ KE LR LY MA MG ML MR MZ NA NE NG RW SC SD SL SN SO ST SZ TD TN TZ UG ZA ZM
Gulf Oil and Gas E-Marketplace - Promote your Business - About Us
Copyright Universal Solutions All rights reserved. Privacy Policy. - Contact Us