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Article: GABON: Development plans for proposed $150,000,00 oilfield recovery project, SHELL GABON [Gabon/Netherlands-UK] & ELF GABON [Gabon/France] - Order #: 053303.

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WWP-Business Opportunities in Africa & the Middle East
Article date:
May 1, 2003
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PROJECT OVERVIEW:

Joint venture contract award for oilfield exploration and production sharing contract. The group, led by the local SHELL GABON, a subsidiary of a subsidiary of the ROYAL DUTCH/SHELL GROUP of the Netherlands-UK, signed a contract that is valid for 10 years followed by 2 more 5-year terms.

The project covers the onshore Rabi-Kounga oilfield located in the Gamba region. Production output is currently said to amount to some 55,000 barrels per day. However, a total investment of $150,000,000 is now needed in order to improve the recovery rate.

Through TFE's subsidiaries, ELF GABON and ELF AQUITAINE. the French company holds a ... 







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