Gabon Oil Minister Eyes Production-Sharing Contracts with BP, Exxon in 4-6 Months

Gabon’s oil minister confirmed expectations to finalize production-sharing contracts with BP and Exxon Mobil within four to six months, following their non-binding exploration agreements signed last year. The announcement, made by Clotaire Kondja at an African energy conference in Paris on April 22, 2026, highlights growing interest in West African offshore oil projects. This development could boost upstream activity and regional investment, fostering positive sentiment for oil commodities like WLDOIL, though immediate price impacts remain limited due to the multi-year timeline for offshore output.