RE: Gabon14 May 2026 12:13
Well that is not true SM as they are all there currently. I know you love to talk rubbish but surely fact check yourself. Like I said, use A.I
Here's the full picture of who's active in Gabon right now:
THE BIG NAMES — ESTABLISHED OPERATORS
Perenco — the dominant player. Operates multiple onshore and offshore blocks, and is building a $1 billion Cap Lopez LNG terminal coming online in 2026. The most embedded major in the country.
TotalEnergies — long-standing presence across multiple Gabonese blocks, involved in deepwater exploration push.
VAALCO Energy — kicked off its Phase Three Drilling Program offshore Gabon in December 2025, spudding the ET-15 infill well on the Etame platform. Also holds a 37.5% non-operating interest in newer PSC blocks alongside BW Energy. Proactiveinvestors NA
BW Energy — holds stakes in the Dussafu licence with 14 producing wells tied back to an FPSO, alongside partners Gabon Oil Company and Panoro Energy. A March 2025 discovery at the Bourdon field raised Dussafu recoverable reserves to over 150 MMbbls. Total-market-solutionsProactiveinvestors NA
CNOOC (China) — launched wildcat drilling at Blocks BC-9 and BCD-10, with the Tigre prospect holding recoverable resource potential of up to 1.4 billion barrels. Master Investor
MAJOR NEW ENTRANTS — 2025
ExxonMobil — signed an MoU with the Gabonese government in October 2025 to explore for oil and gas offshore. PitchBook
BP — signed an MoU in October 2025 to explore for offshore oil and gas, marking its entry into the country's upstream. PitchBook
ReconAfrica — signed a PSC for offshore Block C-7 in September 2025, securing a 55% working interest as operator. Proactiveinvestors NA
WHY THIS MATTERS FOR BLOE
This is actually the most positive context for the Gabon deal. The fact that ExxonMobil, BP, CNOOC, Perenco and TotalEnergies are all either active or entering Gabon right now does two things for Block:
Validates the jurisdiction — this isn't a frontier basket case, it's a country the majors are actively competing to get into
Creates a potential farm-out market — if Block's technical work on Ndjila/Mpari proves up the Iguega discovery, there are now multiple well-capitalised buyers sitting right there in-country who could take a stake
The BLOE RNS specifically mentioned Exxon, BP and Trafigura as validation of Gabon's merits — and the data backs that up. The timing of BLOE's entry, just as the majors are piling in, is actually well-judged strategically.
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