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Earlier this week, the Government of Gabon signed a contract with INPEX SA, subsidiary of RISE Gabon, to carry out necessary studies on the planned 340km Komo-Ogooue Railway (KOR) project. RISE Gabon is an investment vehicle dedicated to financing the country’s infrastructure and was born out of a partnership with the Islamic Development Bank in 2020. The new railway line would link Owendo in Libreville to Booué in Central Gabon. It is part of the country’s efforts to expand its logistic network and support the diversification of its economy. Under a 30-year concession, Gabon is already financing and upgrading its strategic 650km Transgabonaise railway line that connects Owendo to Franceville. Since 2015, the Transgabonaise railway has notably been subject to a €509m modernization, renovation and upgrade programme (the “PRN”) to restore its initial capacity by 2024. In 2021, an additional CAPEX of €197m was agreed upon (“PRN2”) to further increase the capacity of the line to reach a total of 19 m MT by 2027.
Following the evaluation of pre-qualification documents from thirteen bidders, Mozambique has pre-qualified 12 companies under its ongoing 6th Licensing Round. Only Nigerian independent Aiteo Exploration & Production did not meet the requirements for pre-qualification. Pre-qualified operators include three Chinese national oil companies (NOCs): CNOOC, Sinopec International and PetroChina International. The three international oil companies (IOCs) already present in the country, Eni, ExxonMobil and TotalEnergies, also pre-qualified as operators. Under the 6th Licensing Round, companies are able to apply for Exploration and Production Concession Contracts (EPCC) after studying data licensed by the INP under standard Master Licensing Agreements (MLA). Most work commitment programmes include a first sub-period with seismic acquisition and a minimum spending of $5m. Drilling commitments must be made only when entering the second sub-period. To support bidders, the INP has made available 2D and 3D seismic datasets for Multi-Client licensing. These surveys cover both onshore and offshore areas and consist of 22,715 sq. km of 3D seismic, 41,905 km of offshore 2D seismic and 18,735 km of onshore 2D seismic.