Where is eaglewood energy located?

Eaglewood Energy Inc. (“Eaglewood”) is an international oil and gas exploration company with exploration licenses in Papua New Guinea. The Company has an operating office in Port Moresby, Papua New Guinea; a technical office in Australia, and its corporate office in Calgary, Alberta, Canada.

Where is eaglewood based?

The Company has an operating office in Port Moresby, Papua New Guinea; a technical office in Australia, and its corporate office in Calgary, Alberta, Canada. Eaglewood shares are listed on the TSX Venture Exchange under the symbol EWD and on the OTCQX Market under the symbol EWDYF.

Why is Gabon redeveloping oil fields?

Given Gabon’s background, it is no surprise that much of the country’s upstream efforts are being focused on the redevelopment of mature or marginal oil fields. Prioritizing short-cycle developments generate cash flow at lower cost by utilizing existing discoveries and infrastructure, which can bring production online within a few years.

What does Gabon's new Hydrocarbons Code mean for E&P investors?

Gabon’s new Hydrocarbons Code, introduced in 2019, hopes to explore this potential by presenting international companies with better returns on their E&P investments and government is galvanizing efforts to step up seismic studies to provide potential investors with the data they need.

Should Gabon focus on steady production?

Focusing on steady production may represent local producers applying a longer-term strategy to their presence in Gabon, but the local energy sector also needs new discoveries, and the country’s unexplored shallow and deep-water basins deserve more attention than they are receiving.

How has hydrocarbons fueled the Gabonese economy?

Even among oil-rich nations, the extent to which hydrocarbons has fueled the Gabonese economy throughout its independent history is exceptional. Since production started in the 1950s, the majority of the country’s GDP has been derived from crude oil exports.