Indian state-run oil company, Oil India, will soon conduct exploration tests at Lassa oil field, in Gabon’s central region of Lambaréné, Gabon Actu reports.
Manas Sharma Sharma, CEO of this company, made the announcement during a meeting with Vincent De Paul Massassa Oil and Gas Minister of the central African nation.
“We came to tell his Excellency the Minister of Oil and Gas that we will do intensive production tests to determine the marketability of the production,” Sharma said.
Massassa, on the other side, stated that there are more than 90 percent of the oil being sold at the field.
“Until now the assessment has not been and until this point we could not really evaluate the commerciality; the long term tests which are envisaged today will allow us to position ourselves in order to determine whether or not to continue the development effort or rather to concentrate on the exploration,” the minister said.
Although the oil was discovered in 2012, no marketability tests were performed. Gabon is an oil producer. Last year’s output was 10.2 metric tonnes, which is a decline of 3.12 percent. Oil India is India’s hydrocarbon explorer and producer and is headquartered at Noida.
Source: north africa post
