Gabon: Government to Announce 2016 Deepwater Bid Round Later This Month

Minister of Petroleum Etienne Ngobou will formally announce the specifics of the 2016 deepwater bid round at the 22nd Africa Oil Week Conference in Cape Town, South Africa in the last week of October. The upcoming announcement of the long-awaited bid round follows the somewhat abortive process held in 2013-2014. During the first round of bids that began in October 2013, the round started off positively: the auction criteria had been distributed to all bidders and the government had even published the identities of the Decision Committee members.

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