Gabon: New Hydrocarbon Code to revitalise the oil and gas sector?

In order to attract new investment into the country, Gabon has recently adopted a new hydrocarbon code (Law n°002/2019 dated 16 July 2019 (the New Code)). This law is set to liberalise the market further from its predecessor (Law n°011/2014 dated 28 August 2014 (the Former Code)), with the aim of providing more attractive opportunities for companies looking to invest in Gabon’s oil & gas sector, particularly in a climate where oil prices are roughly half what they were in 2014. 

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