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Gabon opens 42 offshore oil blocks to exploration

Reuters -- LIBREVILLE, March 12 - Gabon, Africa's seventh largest oil producer, is offering 42 additional offshore deepwater and ultra-deepwater oil blocks for exploration, the government said on Friday.

The West African nation, which currently produces roughly 250,000 barrels of crude oil per day and relies on energy for about half of its gross domestic product, is seeking bids from international firms by May 5, it said.

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Submitted Mar 12, 2010 By: Mudsprings

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rollma2 All-Star Author Montreal Posts:655 Points:155,355 Joined:Jul 2009	Message Posted: Mar 12, 2010 10:02:03 PM Ignore rollma2 Report Abuse interesting
judgemobile Champion Author Ohio Posts:2,766 Points:1,489,985 Joined:Nov 2005	Message Posted: Mar 12, 2010 9:53:00 PM Ignore judgemobile Report Abuse so did anyone tell O'Bummer ? We wonder why oil is now over 82 a barrel when a year ago it was about 32. Liberal incompetence !!!
mplato Champion Author Columbia Posts:4,236 Points:1,015,685 Joined:Jun 2004	Message Posted: Mar 12, 2010 9:52:52 PM Ignore mplato Report Abuse obama is about to lock down all off shore drilling.....
USAFA82 Champion Author Colorado Springs Posts:4,887 Points:878,465 Joined:Feb 2008	Message Posted: Mar 12, 2010 9:51:13 PM Ignore USAFA82 Report Abuse I wish we could do the same in our country but the hypocrite liberals won't allow it.
beachbumCA Champion Author Riverside Posts:4,069 Points:767,500 Joined:May 2008	Message Posted: Mar 12, 2010 9:47:22 PM Ignore beachbumCA Report Abuse More oil. Good. Lets send all our dollars out of the country.
EVH_1984 All-Star Author Massachusetts Posts:528 Points:235,665 Joined:May 2008	Message Posted: Mar 12, 2010 9:40:27 PM Ignore EVH_1984 Report Abuse the U.S. should do more drilling on the outer continental shelf.
PissedCanuck Champion Author Toronto Posts:3,832 Points:820,385 Joined:Nov 2006	Message Posted: Mar 12, 2010 9:39:27 PM Ignore PissedCanuck Report Abuse They should open up even more over there. That's where all the good crude comes from.
DerHahn Champion Author Illinois Posts:8,122 Points:1,150,925 Joined:May 2004	Message Posted: Mar 12, 2010 9:31:51 PM Ignore DerHahn Report Abuse doesn't do us any good here. the oil companies have leases on many areas they don't do anything with
star_deceiver Champion Author British Columbia Posts:3,001 Points:706,000 Joined:Jun 2008	Message Posted: Mar 12, 2010 9:31:21 PM Ignore star_deceiver Report Abuse Gabonese gov't: "Show me the money, we have what you want, oil oil oil!!!"
packards42 Champion Author Washington Posts:1,682 Points:306,280 Joined:Feb 2005	Message Posted: Mar 12, 2010 9:26:15 PM Ignore packards42 Report Abuse This great this making up for the internal consumption in the middle east and keeping the pressure on. More FPSO, Floating Processing and Storage Operations. Tullow OIl already has production in Gabon coming on line later this year as i recall.
kidrockTX Champion Author Fort Worth Posts:3,854 Points:508,370 Joined:Sep 2008	Message Posted: Mar 12, 2010 9:25:49 PM Ignore kidrockTX Report Abuse we will never get oil out of there
DellMan Champion Author Omaha Posts:1,917 Points:442,925 Joined:Apr 2008	Message Posted: Mar 12, 2010 9:23:51 PM Ignore DellMan Report Abuse We should be allowing offshore drilling as well as drilling in the Midewest were there is an abunance of oil just waiting to come out. We could be self seficient within a few years if the started now.
jb107 Champion Author New Jersey Posts:4,709 Points:1,648,965 Joined:Sep 2005	Message Posted: Mar 12, 2010 9:23:31 PM Ignore jb107 Report Abuse Hopefully they will invest the money they receive in inproving the lives of their people.
zeddieiv Champion Author Columbia Posts:3,575 Points:1,067,485 Joined:Oct 2006	Message Posted: Mar 12, 2010 9:23:10 PM Ignore zeddieiv Report Abuse The rebels will find away to satisfy any cause they believe in.
danreino Champion Author Twin Cities Posts:3,801 Points:678,145 Joined:Mar 2008	Message Posted: Mar 12, 2010 9:21:22 PM Ignore danreino Report Abuse Since it's offshore, hopefully the rebels won't be able to get at it.
NavyStore Champion Author Seattle Posts:2,692 Points:1,188,895 Joined:Aug 2005	Message Posted: Mar 12, 2010 9:20:56 PM Ignore NavyStore Report Abuse Just another backwater nation trying to score some cash.
jwduke1 Champion Author Iowa Posts:11,330 Points:2,222,360 Joined:Apr 2004	Message Posted: Mar 12, 2010 9:17:44 PM Ignore jwduke1 Report Abuse Doesn't sound good.......
LilRedWagonIN Champion Author Indiana Posts:2,835 Points:607,055 Joined:Oct 2008	Message Posted: Mar 12, 2010 9:16:51 PM Ignore LilRedWagonIN Report Abuse What ever happened to the "peak oil" argument with all these countries around the world (except the US and their 'not in my backyard' -- or my neighbor's backyard -- attitude) offering oilfields for drilling.
scrounger Champion Author Vancouver Posts:8,444 Points:2,243,565 Joined:Mar 2003	Message Posted: Mar 12, 2010 9:14:31 PM Ignore scrounger Report Abuse that should be the basis for a coup
LanguageMan1 Champion Author Tampa Posts:5,980 Points:693,370 Joined:Apr 2008	Message Posted: Mar 12, 2010 9:08:46 PM Ignore LanguageMan1 Report Abuse Good! But, it'll take years to get the oil out if there's any there!
afghaned Champion Author Hamilton Posts:4,390 Points:313,750 Joined:May 2004	Message Posted: Mar 12, 2010 9:05:39 PM Ignore afghaned Report Abuse How long before rebels decide to interrupt the oil supply?? Revolting seems to be the largest sport in Africa.
gilfarm Champion Author Alabama Posts:2,157 Points:1,013,260 Joined:Sep 2005	Message Posted: Mar 12, 2010 9:05:13 PM Ignore gilfarm Report Abuse Ok
PetroScopper Champion Author Houston Posts:2,207 Points:603,230 Joined:Aug 2008	Message Posted: Mar 12, 2010 9:01:05 PM Ignore PetroScopper Report Abuse I'm sure that China is all over that... they will definitely buy up most of those blocks.