Gabon is drawing more attention from international oil companies interested in exploring its deep offshore oil reserves. To facilitate this exploration, access to precise geological and seismic data is essential. This data helps companies identify potential oil and gas reserves beneath the seabed. To support this effort, Gabon has signed a ten-year agreement with TGS, a Norwegian company that supplies seismic data, to manage and use geophysical data in the country's deep offshore areas. The agreement was signed during the World Energies Summit in the United Kingdom on September 29 and 30. TGS highlights that this partnership continues more than two decades of collaboration with the Gabonese government and covers the entire lifecycle of offshore data, including selling existing data, analyzing it with modern tools, and possibly creating new seabed images.
In October 2025, ExxonMobil and BP signed agreements with Gabon to explore the country's deep waters. At the Invest in African Energy forum in Paris on April 22 and 23, Clotaire Kondja, Gabon's Minister of Petroleum, said the government expected to sign production sharing contracts (PSCs) with these companies within four to six months. However, as of October 5, no public announcement of these contracts had been made. Shell also signed an agreement in June to conduct research, evaluation, and technical analysis of several blocks in deep and ultra-deep waters, according to the Gabonese government.
Gabon aims to maintain oil production above 220,000 barrels per day in the medium term. According to the Organization of the Petroleum Exporting Countries (OPEC), production was around 210,000 barrels per day in March 2026, slightly lower than the over 220,000 barrels per day recorded at the start of 2025. The amount of the agreement with TGS has not been disclosed in publicly available information. The country's efforts to secure partnerships with international oil companies and manage its offshore data are seen as crucial steps in maintaining its oil production levels and attracting foreign investment.
Gabon Enhances Offshore Oil Exploration Through New Agreements
AI-rewritten from original reportingHow it works
gabonoil-explorationtgsexxonmobilbpshell



