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Country Highlights

The Oil and Gas Industry: Gabon’s Primary Economic Driver

Oil and gas exploration has been a pillar of Gabon’s economy since the 1960s, accounting for 38.5% of national GDP. As the eighth largest oil producer in Africa, Gabon holds over 2 billion barrels of proven oil reserves and is a stable supplier to key markets like the United States. The industry remains central to Gabon’s development, though leaders are also seeking to diversify the economy.

Currently valued at an estimated $3.5 billion in oil exports annually, the oil and gas sector experienced steady growth over the past decade as Gabon invested heavily in midstream infrastructure. Major projects like the Marine Terminal Transgabonais oil pipeline enhanced export capacity. However, global market volatility and the pandemic impacted revenues, highlighting the need for economic transformation.

Going forward, updated hydrocarbon legislation aims to attract $4-5 billion in new investments between 2023-2027. Planned deep and ultra-deep offshore exploration could significantly boost reserves. Projects like the BW Energy operated Dussafu Marine Permit development are expected to come online in 2023-2024. With an estimated 30 trillion cubic feet of untapped natural gas reserves, there is also potential to monetize and commercialize natural gas.

As a trusted advisor, Ruskin Felix Consulting can support Gabon’s national oil company and private sector players. RFC’s technical expertise in upstream field optimization, midstream infrastructure assessments, LNG market analysis, and strategic planning can help maximize industry revenues. Advisory services on local content development and skills training initiatives could also create sustainable in-country value. With RFC’s guidance and enabling policy reforms, Gabon’s oil and gas sector is well-positioned to remain a driver of GDP growth while diversification gradually takes shape.

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Featured Reports

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We are Ruskin Felix Consulting (RFC), a global strategic advisory firm. For over a decade, we have partnered with clients worldwide to solve complex business and technology challenges. Whether you need strategic advice, market research, or solutions to make important decisions, we’ve got you covered.

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At RFC, we believe that every great idea deserves a chance to shine. With our expert guidance, cutting-edge strategies, and meticulous attention to detail, we’ll work hand in hand with you to create strategies and guidance that helps you scale, build and develop your idea into a ready product in the market.