Ten years after leaving Gabon and selling all its assets to Assala Energy, oil major Shell is making a comeback in the national market.

The Anglo-Dutch giant signed a preliminary agreement with the Gabonese government on June 22, 2026, in Libreville to explore new offshore blocks in ultra-deep waters, reinforcing the renewed appeal of Gabon’s petroleum sector.

A rewarding revival strategy for Libreville

Shell’s return marks a significant step forward for the hydrocarbon sector revitalization plan pursued by Gabonese authorities.

After years of declining international investment, Libreville has stepped up efforts to attract fresh capital and restart exploration activity.

That approach is already yielding results.

Gabon has opened nearly 71 percent of its previously unexploited maritime area for exploration, giving oil companies new opportunities in high-potential zones.

The deal with Shell is part of a broader trend of major international firms returning to the country.

Global majors once again drawn in

In recent months, Gabon has also sealed partnerships with leading industry players, including ExxonMobil and BP, signaling renewed investor confidence in the potential of the Gabonese sedimentary basin.

Beyond the symbolic meaning, this new ultra-deepwater exploration phase could help replenish national reserves, sustain long-term production, and strengthen Gabon’s position among the continent’s most attractive oil producers.