ExxonMobil Returns to Gabon: Offshore Energy Back in Play
Why a Deepwater MoU Signals Renewed Global Confidence in Central Africa’s Energy Potential
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ExxonMobil’s re-entry into Gabonese waters marks a strategic inflection point for Central Africa’s offshore energy landscape. ExxonMobil Returns to Gabon provides a clear, intelligence-led assessment of the Memorandum of Understanding signed between the U.S. energy major and the Government of Gabon to explore deepwater and ultra-deepwater oil and gas blocks after more than a decade-long absence.
This Africa Watch report explains why Gabon—an OPEC+ member with declining production but vast unexplored offshore acreage—has regained investor attention at a moment when global energy majors are recalibrating upstream portfolios. The analysis unpacks the scope of the MoU, the phased exploration timeline, and how potential production-sharing contracts could reshape Gabon’s fiscal outlook, technical capacity, and regional energy relevance.
Beyond national implications, the report situates ExxonMobil’s return within a wider trend of renewed interest in African offshore basins as energy security, price volatility, and diversification pressures converge. It also highlights the regulatory, political, and energy-transition risks that will determine whether exploration momentum converts into long-term production.
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