Total, Perenco and Tullow left hanging as oil minister sits on transfer deals

摘要

Vincent de Paul Massassa seems to be paralysed by lethargy. The government has approved virtually no inter-company transfer deals.When Equatorial Guinea's oil ministry gave a green light to Panoro Energy's purchase of Tullow Oil's 14.2% share in the Ceiba and Okume fields less than two months after the two companies announced the deal, it put neighbouring Gabon somewhat on the spot. Vincent de Paul Massassa, the former head of the Direction Generale des Hydrocarbures (DGH) who has served as Gabon's oil minister since 2019, is a long way from approving Tullow's sale of its 10% stake in the productive Dussafu block to Panoro, even though the arrangement was announced on the same day as the Equatorial Guinean deal, 9 February.