Grondin Oil Field was discovered off the coast of Gabon

In 1971, the Grondin Oil Field was discovered off the coast of Gabon, located approximately 40 km (25 miles) offshore in water depths of 50 m (160 ft). This significant discovery was made within an anticline salt structural trap, specifically in the Batanga sandstones of Maastrichtian age. The Grondin Oil Field has played a crucial role in enhancing Gabon's oil production capabilities and has been a vital contributor to the country's economy. Over the years, the field has seen substantial extraction, with estimates indicating that by 2019, around 60% of its reserves had been depleted. As of 2023, Gabon continues to produce approximately 200,000 barrels per day (bpd) of crude oil, underscoring the lasting impact of the Grondin Oil Field on the nation's energy sector. The discovery not only marked a pivotal moment in Gabon's oil exploration history but also established the country as a significant player in the global oil market, shaping its economic landscape for decades to come. #mooflife #mof #MomentOfLife #GabonOilProduction #GrondinOilField #OilDiscovery1971 #MaastrichtianSandstones #AnticlineStructuralTrap