Related Articles
Mining and hydrocarbons minister Gabriel Mbaga Obiang Lima
Forward article link
Share PDF with colleagues

Equatorial Guinea prepares for new era for oil

‘Drill or drop’ policy will soon result in a new set of license holders that the government hopes will kick-start the West African country’s oil industry

Equatorial Guinea will next month announce the winning bids for 27 oil and gas licences that Opec’s smallest member hopes can help arrest declining production and boost dwindling reserves and export revenues.  Bids closed on September 27 for the 27 blocks—25 for exploration and two for appraisal and development—and the winners will be announced on November 27 following roadshows in Cape Town, San Antonio, London, Beijing and Equatorial Guinea’s capital, Malabo.   The China roadshows reportedly attracted interest from multiple Chinese companies including Sinochem, China Gas, Beijing Gas, PetroChina, Sinoenergy and CNOOC.  Drill or drop  The licensing round follows a tougher government lin

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Gulf of Guinea piracy worsens
5 March 2021
Maritime regulators and the shipping industry issue warnings over escalating frequency, severity and range of pirate attacks
Latin America plays catch-up
4 March 2021
The pandemic wreaked havoc on NOC balance sheets in 2020, but the region still has some competitive advantages
Neptune sees Dutch North Sea potential
4 March 2021
The province may be mature, but still has elements to attract investment and shake off PR problems
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video