Gabon Oil Company

EnergyNo. 3 in Gabon

Gabon

Founded

2011

Headquarters

Libreville, Gabon

Ticker

n/a

Sector

Energy

Stock performance

This company has no listed ticker in our data, so there is no price chart.

History

Gabon Oil Company (GOC) was created by presidential decree in 2011 as the national oil company, wholly owned by the state, to give Gabon a direct stake in its petroleum sector. In 2024 it significantly expanded its production by acquiring Assala Energy, a major onshore producer, from the US private-equity firm Carlyle.

Business model

GOC holds state participations in oil fields, operates some fields directly, and markets the state's share of crude oil, with the aim of capturing more of the value from Gabon's oil production.

Market position

GOC has grown into one of Gabon's significant oil producers, alongside international operators such as Perenco and Maurel & Prom.

Country impact

Oil remains Gabon's largest export and source of government revenue, and the expansion of GOC is part of a push, accelerated after the 2023 coup, to increase national control over natural resources.