1 Table of Contents
1 Table of Contents 2
1.1 List of Tables 7
1.2 List of Figures 8
2 Gabon Energy Sector 9
2.1 Gabon Energy Sector, Market Overview 9
2.2 Gabon Energy Sector, Natural Gas 9
2.2.1 Gabon Natural Gas, Overview 9
2.2.2 Gabon Natural Gas, Supply and Demand Balance 10
2.2.3 Gabon Natural Gas, Regulatory Structure 13
2.2.4 Gabon Natural Gas, Infrastructure 13
3 Gabon Gas Upstream Investment Environment Benchmarking 14
3.1 Introduction 14
3.2 The Overall Ranking 14
3.3 Upstream Fiscal Attractiveness 14
3.3.1 Maximum Government Take Index 16
3.3.2 Fiscal Flexibility 16
3.3.3 Maximum State Participation 16
3.3.4 Maximum Domestic Market Obligation 16
3.4 Gas Sector Performance 16
3.4.1 Exploration Activity 18
3.4.2 Gas Production 19
3.4.3 Gas Reserves 19
3.4.4 Gas Consumption 20
3.5 Economic Performance 20
3.5.1 GDP Growth Index 21
3.5.2 FDI Confidence Index 21
3.5.3 Balance of Trade Index 21
3.6 Socio-Political Performance 22
3.6.1 Democracy Index 23
3.6.2 Governance Index 23
4 Gabon Exploration and Production Sector 24
4.1 Gabon Exploration and Production Sector, Country Snapshot 24
4.1.1 Gabon Exploration and Production Sector, Key Data 24
4.2 Gabon Exploration and Production Sector, Marketed Natural Gas Production 24
4.2.1 Gabon Exploration and Production Sector, Total Marketed Natural Gas-Historical Production 24
4.2.2 Gabon Exploration and Production Sector, Marketed Natural Gas Production by Assets 25
4.2.3 Gabon Exploration and Production Sector, Marketed Equity Weighted Natural Gas Production by Company 25
4.3 Gabon Exploration and Production Sector, Marketed Natural Gas Forecasts 25
4.3.1 Gabon Exploration and Production Sector, Marketed Natural Gas Forecasted Production 25
4.4 Gabon Exploration And Production Sector, Natural Gas Asset Details 26
4.4.1 Gabon Exploration And Production Sector, Active Natural Gas Asset Details 26
4.5 Gabon Exploration And Production Sector, Major Gas Discoveries 26
4.5.1 Gabon Exploration And Production Sector, Number of Gas Discoveries, 2005-2010 26
4.5.2 Gabon Exploration And Production Sector, Gas Discovery Details 27
4.6 Gabon Exploration And Production Sector, Recent Discoveries 27
4.6.1 Jun 13, 2011: Harvest Natural Resources Discovers Oil In Pre-Salt Offshore Gabon 27
4.6.2 Nov 15, 2010: Maurel & Prom Encounters Saturated Hydrocarbon Reserves At OMOC-N-302 Well In Onal AEE, Gabon 27
4.6.3 Sep 16, 2010: Maurel & Prom Announces Oil Discovery At OMOC-N-301 Well In Gabon 28
4.6.4 Jun 16, 2010: VAALCO Energy Discovers Oil At ETSEM-1 Well In Southeast Etame Prospect, Offshore Gabon 28
4.7 Gabon Exploration And Production Sector, Drilling and Production Updates 29
4.7.1 Jul 21, 2011: Harvest Natural Resources Provides Update On DRM-1 Well In Dussafu Marin PSC, Offshore Gabon 29
4.7.2 May 13, 2011: Addax Petroleum Daily Crude Production Hits 40,357 Barrels In Gabon 29
4.7.3 Apr 29, 2011: Harvest Natural Resources Commences Drilling Operations On Ruche Marin-A Exploration Well In Gabon 30
4.7.4 Apr 04, 2011: VAALCO Energy Expects To Resume Full Production In Gabon Within 24 Hours 30
4.7.5 Dec 08, 2010: VAALCO Energy Commences First Production From ET-7H Development Well, Offshore Gabon 30
5 Gabon FPSO Industry 32
5.1 Gabon FPSO Industry, FPSO Capacity Details by Vessel 32
5.2 Gabon FPSO Industry, FPSO Vessel Specifications 32
6 Gabon Pipeline Sector 33
6.1 Gabon Pipeline Sector, Key Data 33
6.2 Gabon Pipeline Sector, An Overview 33
6.3 Gabon Pipeline Sector, Comparison of Key Natural Gas Pipeline Companies 33
6.4 Gabon Pipeline Sector, Natural Gas Pipelines 34
7 Profile of Perenco 35
7.1 Perenco, Key Information 35
7.2 Perenco, Company Overview 35
7.3 Perenco, Business Description 35
7.3.1 Business Overview 35
8 Profile of Eni S.p.A. 38
8.1 Eni S.p.A., Key Information 38
8.2 Eni S.p.A., Company Overview 38
8.3 Eni S.p.A., Business Description 38
8.3.1 Business Overview 38
8.3.2 Exploration & Production 40
8.3.3 Gas & Power 41
8.3.4 Other activities 42
8.3.5 Petrochemicals 42
8.3.6 Refining and Marketing 43
8.3.7 Refining and Marketing 44
8.4 Eni S.p.A., SWOT Analysis 45
8.4.1 Overview 45
8.4.2 Eni S.p.A. Strengths 46
8.4.3 Eni S.p.A. Weaknesses 47
8.4.4 Eni S.p.A. Opportunities 48
8.4.5 Eni S.p.A. Threats 49
9 Profile of Total S.A. 51
9.1 Total S.A., Key Information 51
9.2 Total S.A., Company Overview 51
9.3 Total S.A., Business Description 51
9.3.1 Business Overview 51
9.3.2 Chemicals 52
9.3.3 Downstream 52
9.3.4 Upstream 53
9.4 Total S.A., SWOT Analysis 55
9.4.1 Overview 55
9.4.2 Total S.A. Strengths 56
9.4.3 Total S.A. Weaknesses 57
9.4.4 Total S.A. Opportunities 58
9.4.5 Total S.A. Threats 58
10 Financial Deals Landscape 60
10.1 Detailed Deal Summary 60
10.1.1 Acquisition 60
10.1.2 Equity Offerings 61
10.1.3 Debt Offerings 64
10.1.4 Asset Transactions 66
11 Recent Developments 71
11.1 License Rounds 71
11.1.1 Oct 13, 2010: Gabon Delays Oil Exploration Block Auction 71
11.1.2 Sep 23, 2010: Gabon To Launch 10th Licensing Round In October 2010 71
11.2 License Awards 72
11.2.1 Dec 01, 2009: VAALCO Energy Extends Etame Marin Exploration Permit To 2014 72
11.3 Other Significant Developments 72
11.3.1 Apr 08, 2011: Harvest Natural Resources Provides Q1 2011 Operations Update 72
11.3.2 Apr 01, 2011: VAALCO Energy Provides Operations Update Following Gabon Industrial Action 74
11.3.3 Jan 11, 2011: Harvest Natural Resources Provides Operations Update 75
11.3.4 Jan 05, 2011: Maurel & Prom Updates On Nigeria And Gabon Operations 77
11.3.5 Nov 25, 2010: Perenco Updates On Offshore Drilling Campaign In Gabon 79
11.3.6 Nov 10, 2010: Tullow Oil Provides Operations Update 79
11.3.7 Nov 10, 2010: Fugro Airborne Completes Airborne Acquisition For Eni Gabon 81
11.3.8 Aug 27, 2010: Maurel & Prom Provides H1 2010 Operations Update 82
12 Appendix 85
12.1 Abbreviations 85
12.2 Methodology 85
12.2.1 Coverage 85
12.2.2 Secondary Research 86
12.2.3 Primary Research 86
12.2.4 Expert Panel Validation 86
12.3 Contact Us 87
12.4 Disclaimer 87