What is Gabon's timeline for signing production-sharing contracts with BP and ExxonMobil, according to the oil and gas minister?

Gabon expects to sign production-sharing contracts with BP and ExxonMobil within four to six months, as stated by Oil and Gas Minister Clotaire Kondja during an African energy conference in Paris.

What type of agreements have BP and ExxonMobil already signed with Gabon, and where are they focused?

BP and ExxonMobil have signed non-binding preliminary agreements to explore off Gabon's Atlantic Coast, as part of broader efforts by oil majors to replenish their resource bases in West African waters.

Gabon expects to sign production-sharing contracts with BP and Exxon within six months, minister says

Apr 22, 2026

Gabon's oil minister stated contracts with BP and ExxonMobil will be signed within four to six months following preliminary exploration agreements. The move aims to replenish resource bases as oil majors target West African waters.

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Gabon expects to sign production-sharing contracts with BP and Exxon within six months, minister says

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