Gabon oil production per day
Gabon consumes 21,000 barrels per day (B/d) of oil as of the year 2016.; Gabon ranks 131st in the world for oil consumption, accounting for about 0.0% of the world's total consumption of 97,103,871 barrels per day.; Gabon consumes 0.44 gallons of oil per capita every day (based on the 2016 population of 2,007,873 people), or 160 gallons per capita per year (4 barrels). Gabon’s Crude Oil: Production was reported at 196.000 Barrel/Day th in Jan 2020. This records a decrease from the previous number of 220.000 Barrel/Day th for Dec 2019. Gabon’s Crude Oil: Production data is updated monthly, averaging 201.500 Barrel/Day th from Apr 2016 to Jan 2020, with 46 observations. The data reached an all-time high of 239.000 Barrel/Day th in May 2016 and a record low Crude Oil Production in Gabon decreased to 180 BBL/D/1K in November from 210 BBL/D/1K in October of 2019. Crude Oil Production in Gabon averaged 263.48 BBL/D/1K from 1994 until 2019, reaching an all time high of 374 BBL/D/1K in August of 1995 and a record low of 180 BBL/D/1K in July of 2018. This page provides the latest reported value for - Gabon Crude Oil Production - plus previous releases Gabon Oil Production is at a current level of 194.00K, down from 210.07K one year ago. This is a change of -7.65% from one year ago. With Gabon’s overwhelming economic reliance on oil exports, the country’s near-term economic outlook depends on oil production and prices. Gabon’s mature oil fields are in decline, with peak production in 1997 at 370,000 barrels per day (bpd) according to the U.S. Energy Information Administration. Gabon’s oil industry started gaining attention in 1931 when several oil deposits were discovered in neighbouring regions of Libreville. In addition to the oil industry, Gabon’s location overlooking the Gulf of Guinea and the Atlantic Ocean has led to the emergence of another important economic sector – the fishing industry. Although there have been recent offshore finds, oil production is now declining from its peak of 370,000 barrels per day (59,000 m 3 /d) in 1997, and periods of low oil prices have had a negative impact on government revenues and the economy. In 2012 there were six active oil rigs in Gabon.
3 Jan 2019 This year the region is expected to generate an average of 3.9 million barrels per day, roughly a third of total U.S. oil production, according to
16 May 2018 LAGOS (Capital Markets in Africa) - Gabon is a Central African country in 1997 when crude oil production reached 370,000 barrels per day. 17 Feb 2015 Oil production undergirds Gabon's economy, accounting for 45 percent of gross responsible for the implementation of oil policy defined by the state, It currently produces some 65,000 bbls of oil a day from five fields 3 Jan 2019 This year the region is expected to generate an average of 3.9 million barrels per day, roughly a third of total U.S. oil production, according to 18 Jun 2013 The Gabon Oil Company (GOC), set up in 2011 after the government had been without a state oil company for many years, already has oil production. it cut the operating cost of the 9,000 barrels a day (b/d) field to $12/b, 28 Mar 2019 DAKAR: Production at a Gabonese petroleum terminal operated by "The 14,000 barrels produced per day by this operator before the strike 9 Sep 2015 French independent Maurel et Prom says it has completely shut down its crude oil production in Gabon, averaging 29,000Barrels of Oil Per Day
Gabon Oil Production is at a current level of 194.00K, down from 210.07K one year ago. This is a change of -7.65% from one year ago.
Libya Crude Oil Production - values, historical data and charts - was last updated on March of 2020. Crude Oil Production in Libya averaged 1334.55 BBL/D/1K from 1973 until 2020, reaching an all time high of 2370 BBL/D/1K in October of 1973 and a record low of 7 BBL/D/1K in August of 2011. The United States of America is the top country by production of crude oil in the world. As of June 2019, production of crude oil in the United States of America was 12,613.57 thousand barrels per day. The top 5 countries also includes Russian Federation, Saudi Arabia, Iraq, and China. Based on the lower crude oil price forecast, EIA expects U.S. retail prices for regular grade gasoline to average $2.14 per gallon (gal) in 2020, down from $2.60/gal in 2019. EIA expects retail gasoline prices to fall to a monthly average of $1.97/gal in April before rising to an average of $2.13/gal from June through August. Nigeria’s Crude Oil: Production was reported at 1,789.000 Barrel/Day th in Feb 2020. This records an increase from the previous number of 1,760.000 Barrel/Day th for Jan 2020. Nigeria’s Crude Oil: Production data is updated monthly, averaging 1,955.000 Barrel/Day th from Jan 2002 to Feb 2020, with 218 observations. The data reached an all-time high of 2,496.000 Barrel/Day th in Nov 2005 and a record low of 1,419.000 Barrel/Day th in Aug 2016. Nigeria’s Crude Oil: Production data A world oil price in the range of $55 to $60 per barrel is less than the cost of Russian Arctic oil production, European and Brazilian biofuel production, US and Canadian shale and tight oil production, and Brazilian presalt oil production. Sustained price levels below the cost of production can deter exploration and production and shift production potential for years to come.
27 Mar 2017 In OPEC member Gabon, production is in decline, the recovery is percent from a1997 peak of 370,000 barrels per day (bpd), according to the
4 Mar 2020 In 2018, the OPEC oil price per barrel was 69.78 U.S. dollars. Congo, Ecuador, Equatorial Guinea, Gabon, Iraq, Iran, Kuwait, Libya, Nigeria, Between 2008 and 2015, US oil production has increased from 5.1m barrels per day to over 9m barrels per day. China, the world's largest oil importer, has
Gabon Oil & Gas news. Addax Petroleum Increases Gabon Production To Over 30,000 Barrels Per Day One Year After Acquisition
Oil production from the well estimated at 3,600 barrels per day commenced on The Company's subsidiary VAALCO Gabon Etame, Inc. operates the Etame
President and Chief Executive Officer, Petroleum Average daily production: The existing focused asset portfolio. Gulf of Mexico. Bolivia. Trinidad. Gabon. future of the oil and gas sector offers limitless oppor- tunities sition of the past, which held Gabon's economic growth with a daily production of about 850 b/d. 1 Apr 2019 day. They dominate the production landscape within some of the Between 100,000 and 500,000 boe/day Gabon | Gabon Oil Company. 12 May 2016 exposure of the main oil exporting countries to the oil price, where GDP and government revenue is Global oil production: Unexpected changes in oil production are generally important in Smaller Gulf Cooperation Council exporters and Gabon (GAB) show a lower ratio per day, slightly lower than its. 16 May 2018 LAGOS (Capital Markets in Africa) - Gabon is a Central African country in 1997 when crude oil production reached 370,000 barrels per day. 17 Feb 2015 Oil production undergirds Gabon's economy, accounting for 45 percent of gross responsible for the implementation of oil policy defined by the state, It currently produces some 65,000 bbls of oil a day from five fields