Acquisitions and Divestitures News in Gabon

Panoro Energy – Agreements Signed for Blocks Niosi and Guduma Offshore Gabon
10/31/2024 - Panoro Energy ASA (“Panoro” or the “Company”) is pleased to announce that following the provisional award of a 25 per cent participating interest in exploration blocks Niosi Marin (previously G12-13) ...
Exercise of the GOC’s pre-emptive right on the acquisition of Assala
2/16/2024 - Etablissements Maurel & Prom S.A. (“M&P”) notes the signing on 15 February 2024 of a share purchase agreement ("SPA") between the Gabonese national oil company Gabon Oil Company (“GOC”) and Assala E...
Towards a More Competitive Oil Market: GOC Acquires Assala Assets in Gabon
2/16/2024 - The share purchase agreement – signed February 15 – supports Gabon’s efforts to boost oil production and attract further investment to its upstream sector.

Under efforts to enhance Gabon’s...
Tullow Signs Asset Swap Agreement with Perenco to Optimise Gabon portfolio
4/28/2023 - Tullow Oil plc (Tullow) is pleased to announce that, via its subsidiary, Tullow Oil Gabon S.A. (Tullow Gabon), it has signed an asset swap agreement with Perenco Oil and Gas Gabon S.A. (Perenco). This...
TotalEnergies Finalizes Divestment of Interests in Non-Operated Assets & Cap Lopez Terminal
12/9/2021 - After receiving the approval of Gabonese authorities, TotalEnergies announces the closing of its agreement to divest to Perenco Oil and Gas Gabon the Cap Lopez Terminal and non-operated assets of its ...
INPEX Sells All Interests in Offshore D. R. Congo Block
10/27/2021 - INPEX CORPORATION (INPEX) has sold all its shares in Teikoku Oil (D.R. Congo) Co., Ltd., a subsidiary, to Perenco Energies International Limited, thereby divesting all its interests in the Offshore D....
Panoro Announces Provisional Exploration License Award Offshore Gabon
10/11/2021 - Panoro Energy ASA has provisionally been awarded a 25.0% non-operated interest in exploration blocks G12-13 and H12-13 offshore shallow water Gabon, as notified in writing by the Minister of Petroleum...
Provisional Exploration License Award Offshore Gabon
10/11/2021 - BW Energy is pleased to announce that it has been provisionally awarded operatorship of two blocks in the 12th Offshore Licensing Round in Gabon. The award by the Direction Generale des Hydrocarbures ...
VAALCO and Consortium Provisionally Awarded Two Offshore Blocks in Gabon
10/11/2021 - VAALCO Energy, Inc. has entered into a consortium with BW Energy and Panoro Energy and the consortium has been provisionally awarded two blocks in the 12th Offshore Licensing Round in Gabon. The award...
Tullow Completes Sale of Dussafu Asset in Gabon
6/9/2021 - Tullow Oil plc (Tullow) is pleased to announce that the sale of its Dussafu Marin permit asset in Gabon to Panoro Energy ASA (Panoro) has now completed.

Earlier today, Tullow received a p...
Panoro Completes Gabon Acquisition
6/9/2021 - Panoro Energy ASA is pleased to announce the completion of the acquisition of an additional 10% working interest in Dussafu Marin permit, offshore Gabon, by its subsidiary Pan-Petroleum Gabon B.V. (“P...
Vaalco Closes Acquisition of Additional Interest in Etame Field
2/25/2021 - VAALCO Energy, Inc. has now completed the previously announced acquisition of Sasol Gabon S.A.’s (“Sasol”) 27.8% working interest(1) in the Etame Marin block offshore Gabon, increasing the Company’s t...
Tullow Agrees $180M Sale of Assets in West Africa to Panoro
2/9/2021 - Tullow Oil plc has signed two separate sale and purchase agreements with Panoro Energy ASA (Panoro) for all of Tullow’s assets in Equatorial Guinea (the EG Transaction) and the Dussafu asset in Gabon ...
VAALCO Announces Etame Acquisition Update
12/21/2020 - VAALCO Energy, Inc. announced that, in connection with VAALCO’s previously announced acquisition from Sasol Gabon S.A. (“Sasol”) of Sasol’s 27.8% working interest(1) in the Etame Marin block offshore ...
Sasol Divests from Gabon Upstream Oil Assets, Advancing Future Strategy
11/18/2020 - Sasol Gabon S.A. and VAALCO Gabon S.A.have signed a sale and purchase agreement (SPA) that will see VAALCO acquire Sasol’s 27.8% working interest in the Etame Marin block offshore Gabon (Etame). In ad...
VAALCO Announces Transformational Acquisition of Additional Interest at Etame Block
11/17/2020 - VAALCO Energy, Inc. has signed a sale and purchase agreement (“SPA”) to acquire Sasol Gabon S.A.’s (“Sasol’s”) 27.8% working interest(1) in the Etame Marin block offshore Gabon. Since VAALCO currently...
Total Gabon Divests its Portfolio of Mature Non-Operated Assets
7/30/2020 - Total announces that its 58% owned affiliate Total Gabon has signed an agreement with Perenco to divest its interests in seven mature non-operated offshore fields, along with its interests and operato...
Tullow Formalises its Back-in Right to Dussafu PSC Offshore Gabon
12/18/2019 - Tullow Oil Gabon S.A. has formalised its longstanding and previously disclosed 10% back-in right to the Dussafu Production Sharing Contract (“PSC”). ...
ONE-Dyas Reaches Agreement to Extend Its Participation in Kowe Project
11/21/2019 - ONE-Dyas has successfully concluded its negotiations with the Gabonese authorities in relation to its interest in the Kowe block. As a result, ONE-Dyas will hold rights until end of production in 2036...
Assala has 4 Licence Renewals & New Exploration Acreage Acquisitions
10/28/2019 - Assala Energy announced a 25-year renewal of four of its onshore production licences, as well as the acquisition of three new onshore exploration licences. ...

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