The offshore oil potential in Gabon has generated significant interest among oil companies in recent years due to the area’s geological similarities with Brazilian pre-salt layers, to the success of offshore blocks elsewhere in the Gulf of Guinea and to indications that it may contain analogous hydrocarbons systems. The large number of companies...
Gabon is the fifth-largest oil producer in sub-Saharan Africa and oil dominates the economy, accounting for roughly half of state revenues and more than 80% of export revenues. Over the last decade, however, output has declined as the country’s larger oil fields mature, prompting Gabon to encourage activity in smaller blocks expand offshore exploration in new blocks, and...
Having a large hydroelectric generation base is a boon to Gabon, giving it low-cost renewable energy. It is hydrocarbons, however, that continue to power most of the country’s plants. According to the most recent statistics available from the US Energy Information Administration (EIA), from 2011, non-renewable thermal energy sources top hydroelectricity, which produced...
Together with a historical lack of investment in water infrastructure, the growth of cities has gradually resulted in uneven access to drinking water across the country and within urban centres. Furthermore, low investment in water cleaning infrastructure has raised sanitation and environmental concerns. Some projects have been implemented in recent...
According to the African Development Bank (AfDB), Gabon has an urbanisation rate of 87% and a similarly high rate of access to electricity, ranging between 70% and 83%. Despite this, the country has experienced difficulty ensuring a stable supply of energy at an affordable cost. High electricity prices, coupled with a struggle to keep up with rising...
Over the last 50 years Gabon’s economy has been largely dependent on oil extraction and, despite declining levels of oil production and government efforts to promote economic diversification, this continues to be true today. According to the World Bank, oil has on average accounted for 45% of GDP, 81% of exports and 60% of budget revenue over the...
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