Gabon commits to Assala deal, Maurel calls it quits
Gabon Oil Co. (GOC) has sealed the acquisition of Assala Energy, with Maurel et Prom acknowledging defeat.
Assala Energy
Maurel et Prom denied as a result of Gabon pre-emption
Nguema said the purchase of Assala was intended to increase the state’s share of revenues. The move, he said, would allow Gabon to “demonstrate its sovereignty in the oil sector, which is the heart of the economy”.
Maurel buys Assala in “step change” for Gabon plans
The transaction will increase Maurel’s production to 67,800 boepd, it reported, of which 56,500 bpd will be in Gabon. The deal will also see Maurel take over a midstream network and the Gamba oil terminal.
Assala’s up for grabs, but the model is proven
“That’s not cutting costs with a machete and being unsafe. We’re doing more with safe facilities. It’s not just good to cut costs and allocate that cash to other areas but it also facilitates financing of the company.”
Carlyle considers Gabon-focused Assala sale
Carlyle Group is preparing to sell its Gabon-focused Assala Energy, with the aim of raising $1 billion.
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Assala kicks off Toucan drilling
Assala Energy has begun drilling at its Toucan site in Gabon, the company has announced.
Gabon dishes out exploration work
Gabon has signed a number of new exploration licences, while also extending production licences.