Oranje-Nassau in talks to buy producing asset in Gabon

27 Oct 2015 – Oranje-Nassau Energie, the Dutch energy firm, is in the process of acquiring acreage in Gabon, a person with knowledge of the situation told this news service.

The asset, which is already producing, will add about 7,000bbl/day to the firm’s production rate and the deal will be finalised imminently, said the person.

Oranje-Nassau’s production rate stands at 12,000bbl/day. Its total resource base is 100m bbl, according to the company.

The firm’s portfolio spans the UK, Netherlands and Gabon, and it is looking to expand its presence in all of these markets through acquisitions, the person added.

In July Oranje-Nassua Energie announced it had secured a USD 340m reserve based lending facility with ING Bank N.V., ABN AMRO Bank N.V., BNP Paribas, Crédit Agricole Corporate and Investment Bank and Commonwealth Bank of Australia. Part of this, it said at the time, would be used to expand its upstream business.

Companies with assets in Gabon include Harvest Natural Resources, Puravida Energy, Ophir, Tullow, Impact Oil & Gas, Petrobras, ExxonMobil, Perenco, Shell and CNOOC.

 

By Katie McQue

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