Gabon: Total sells interests in mature fields to Perenco
Total has signed an agreement for the sale of stakes and the transfer of operatorship in various mature assets in Gabon to Perenco. The transaction is subject to approval by the authorities. This agreement includes the sale of the Group’s 100%-owned affiliate Total Participations Petrolières Gabon, which holds interests in 10 fields. In addition, Total Gabon (Total 58%) has announced the sale of its interests in five fields and the Rabi-Coucal-Cap Lopez pipeline network. The total value of the transactions is around $350 million before adjustments and the production divested by Total represents around 13…
Bourbon wins Pipelay EPCI Contract for Hylia Project
Bourbon announced its first pipelay contract awarded by Total Gabon for the engineering, procurement, construction and installation of 25 km of 6” rigid pipeline as part of the Hylia Water Injection Project using Zap-Lok technology. For the execution of this contract, BOURBON is subcontracting key suppliers, mainly Cortez Subsea, for pipelay equipment and Wood Group for the pipeline design and pipelay engineering. Operations are scheduled to start in Q2 2017 offshore Gabon with an MPSV from the Bourbon Evolution 800 series.
Gabon State Oil Firm Aims For Offshore Via First Production Licence
Gabon's state oil firm has agreed its first oil production contract and says it hopes to soon generate enough revenue to compete with international firms for offshore blocs. Gabon is an OPEC member and Africa's fourth largest producer with an output of around 220,000 barrels per day, dominated by international oil majors Total and Royal Dutch Shell . Its state oil firm Gabon Oil Company (GOC) was created by decree in 2011 and has until now mostly been focused mostly on selling crude oil produced by international firms and refined products.
