Shell stages comeback in Gabon with ultra-deep offshore deal

Ten years after leaving Gabon and transferring all its assets to Assala Energy, oil giant Shell is making a comeback in the national market. The Anglo-Dutch major signed a preliminary agreement on June 22, 2026 in Libreville with the Gabonese state for the exploration of new offshore blocks in ultra-deep water, confirming the renewed attractiveness of Gabon’s oil sector.

A strategy of revival paying off for Libreville

Shell’s return marks a significant step forward for the hydrocarbon sector revival strategy pursued by Gabonese authorities. After several years marked by declining international investment, Libreville has been multiplying initiatives to attract new capital and reignite exploration. This policy is already bearing fruit.

Gabon has opened nearly 71% of its still-unexploited maritime domain to exploration, offering oil companies new opportunities in high-potential areas. The signing of this agreement with Shell is part of a broader dynamic of major international companies returning.

Global majors once again attracted

In recent months, the country has also completed partnerships with major industry players, notably ExxonMobil and BP, demonstrating the renewed confidence of investors in the potential of the Gabonese sedimentary basin. Beyond the symbolism, this new phase of exploration in ultra-deep waters could help replenish national reserves, sustain long-term production, and strengthen Gabon’s position among the most attractive oil producers on the continent.