After leaving Gabon a decade ago and selling all its assets to Assala Energy, oil giant Shell is now back in the national market.
The Anglo-Dutch major signed a preliminary agreement with the Gabonese government on 22 June 2026 in Libreville to explore new ultra-deep offshore blocks, confirming the renewed attractiveness of the country’s oil sector.
Libreville’s payoff strategy
Shell’s return marks a significant milestone for the hydrocarbon sector recovery plan pursued by Gabonese authorities.
Following years of declining international investment, Libreville has been launching multiple initiatives to attract fresh capital and revive exploration.
This policy is already producing results.
Gabon has opened nearly 71% of its still-unexplored maritime area to exploration, offering oil companies new opportunities in high-potential zones.
The signing of this agreement with Shell is part of a broader trend of major international companies coming back.
Global majors once again drawn in
In recent months, the country has also sealed partnerships with industry heavyweights such as ExxonMobil and BP, reflecting regained investor confidence in the Gabonese sedimentary basin’s potential.
Beyond symbolism, this new ultra-deepwater exploration phase could help replenish national reserves, support long-term production, and strengthen Gabon’s position among the continent’s most attractive oil producers.
