NEWS

Nigeria’s foremost energy infrastructure company, Oilserv Limited., has signed a Memorandum of Understanding (MoU) with the Gabonese Government to establish a framework for developing and commercialising hydrocarbon reserves in DEF-3 and D4-5 blocks in Gabon.

The partnership is expected to support Gabon’s growing energy ambitions and contribute to the development of a market projected to reach 2.12 billion dollars by 2031.

Speaking at the signing ceremony, Gabon’s Minister of Petroleum and Gas, Clotaire Kondja, described the partnership as an opportunity to strengthen cooperation and unlock greater business opportunities across Africa.

Kondja,⁠⁠⁠⁠ in a statement, emphasised the importance of building stronger regional partnerships capable of converting Africa’s natural resources into sustainable economic value.

The agreement formalises a strategic framework for the development of the identified hydrocarbon assets, with a strong focus on creating the infrastructure required to unlock their commercial potential.

It provides for the development and implementation of critical gas transportation, compression and treatment infrastructure, designed to strengthen gas supply for thermal power generation and support broader industrial development in Gabon.

Kondja, however, called for more flexible and business-friendly policies across the continent to address critical challenges, including skills gaps and capital flight.

According to him, creating an environment that encourages investment, retains capital and develops local capabilities will be essential to accelerating infrastructure development and strengthening Africa’s economies.

In his speech, the Chairman and Group Chief Executive Officer of the OILSERV Group, Dr. Emeka Okwuosa, said that the partnership represented the group’s expansion into a new market.

Okwuosa said that it positioned OILSERV at the intersection of resource development, energy infrastructure, gas monetisation and national energy security, key areas that will shape Africa’s industrial and economic transformation.

The agreement signing follows the group’s participation in the Africa Oil & Gas Week (AOW) Energy 2026 Conference in Accra, Ghana, where the company further advanced conversations around Africa’s gas infrastructure and monetisation potential.

OILSERV Group’s experience in major projects, including the AKK and OB3 gas pipelines, six power plants, including Geometric Power and Lagos gas distribution network, demonstrates indigenous engineering capability when supported by an enabling environment.