Assala Energy: Revamping Strategies for Oil Production in Gabon
Assala Energy, a major oil company in Gabon, underwent significant changes in ownership and management strategy. In 2024, the company was nationalized following a buyout by the Gabon Oil Company with a focus on enhancing oil production.
The acquisition of Assala, which contributes significantly to Gabon’s oil output, has sparked discussions about the company’s future under state ownership.
Despite initial concerns about the expertise of the new management, Assala is determined to maintain operational excellence and advance its oil exploration projects.
Edgar Mba Ognane, the Managing Director of Assala Gabon, underlines the company’s commitment to maintaining high standards and increasing production capacity, especially at the N’Gongui field.
With plans to boost production and explore new onshore blocks, Assala has positioned itself for growth. The recent acquisition of a drilling company is expected to bolster exploration efforts and improve production efficiency.
One significant change post-acquisition is Assala’s shift towards self-financing without relying on external loans, signaling a focus on sustainable financial practices to drive long-term growth.
While navigating the competitive landscape in Gabon, Assala aims to leverage government support and strategic partnerships to strengthen its market position.
Assala’s journey highlights the importance of financial discipline and strategic planning in the oil sector, aligning with Gabon’s economic priorities amid efforts to diversify revenue sources.
