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Bid submission extended to 31st May 2016 (21 March 2016)

In response to the current Oil and Gas market conditions, the Direction Generale des Hydrocarbures of Gabon (DGH) announced an extension to the bid submission deadline for the 11th Gabon Deep Water Licensing round. This was announced at the 6th African Petroleum Congress & Exhibition in Abuja last week. The new deadline for bid submissions is now 31st May 2016, giving interested companies an extra month to evaluate the anticipated update to the fiscal terms by the DGH due to be announced in the first week of April 2016.

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