THE PILLAGING OF OUR RESOURCES CONTINUES. LE PILLAGE DE NOS RESSOURCES SE POURSUIT

English version

According to the press, the signing of a memorandum of understanding between Gabon Oil Company (GOC) and the Canadian oil company Touchstone Oil & Gas, for the exploitation of the Remboué site, is slow to materialize.

The GOC would like to get rid of this oil field on which it would have already engulfed 40 million dollars of development cost (20 billion CFA francs); without getting anything out of it. The GOC would like as soon as possible to get a return on its expenses. The company Touchstone would have agreed to pay $ 23 million to take over the Remboué site (11.5 billion CFA francs); but the General Directorate of Hydrocarbons of Gabon (DGH), finds that this price is too low.

This standoff could cause the deal to fail, as this memorandum of understanding signed between the two parties expires on November 30, 2017.

Version française

D’après la presse, la signature d'un protocole d'accord entre la Gabon Oil Company (GOC) et la compagnie pétrolière canadienne Touchstone Oil & Gas, pour l’exploitation du site de Remboué, tarde à se matérialiser.

La GOC voudrait se débarrasser de ce champ pétrolier sur lequel il aurait déjà englouti 40 millions de dollars de coût de développement (20 milliards de francs CFA) ; sans rien en tirer. La GOC aimerait au plus vite et rentrer dans ses frais. La compagnie Touchstone aurait accepté de payer 23 millions de dollars pour reprendre le site de Remboué (11,5 milliards de francs CFA) ; mais la Direction Générale des Hydrocarbures du Gabon (DGH), trouve que ce prix est trop faible.

Ce bras de fer pourrait faire échouer l'opération, car ce protocole d'accord signé entre les deux parties, expire le 30 novembre 2017.