BMI View: The redevelopment of existing fields alongside the start of new fields will offer some upside to Gabon’s upstream. However, we expect output to peak near the middle of the decade, limiting the extent of recent gains. While there is a promising level of activity offshore (and to smaller extend onshore) that could offer some support to production, without significant discoveries being developed we maintain our view that output is set to trend lower as volumes from mature fields decline. A delayed bidding round and Gabon’s forced exit from the EITI highlight the challenges the country’s business environment pose …
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