- H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea, announced the winners at the second annual Africa Oil & Power conference on Monday.
- Winners included companies that currently operate in the country, such as Ophir Energy, as well as new entrants, including Clontarf Energy and Offshore Equator Plc.
- Negotiations on contracts are set to begin June 19, 2017
The Ministry of Mines and Hydrocarbons of Equatorial Guinea has extended the official closing date of the EG Ronda Licensing Round to April 28, 2017. Responding to a wave of new exploration interest, the Equatorial Guinea Government wants to give companies more time to participate.
For decades, Equatorial Guinea has built an exceptional reputation amongst oil and gas companies in the Americas, Europe and Asia. But largely missing from its investor portfolio is a crucial oil and gas region: the Middle East. That will change next month as EG Ronda rolls into the United Arab Emirates for the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), the region’s biggest showcase for oil and gas investment. With access to more than 2,000 companies in participation, the Ministry of Mines and Hydrocarbons will seek to broaden Equatorial Guinea’s appeal within the Middle East and engage interested parties in exploration and farm-in opportunities. The Ministry will host a special session on November 7, 2016 at 11:30 am as part of the ADIPEC VIP Programme to members of the Middle East Petroleum Club.
The Ministry of Mines and Hydrocarbons of Equatorial Guinea met several energy companies during a packed agenda that raised investment prospects with the region. The Ministry was in Singapore promoting its 2016 oil and gas licensing round and strengthening ties with companies in a region that accounts for more than 90 percent of Equatorial Guinea’s total oil and gas exports. H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons, discussed opportunities with several companies across the energy value chain, including exploration and production, services and construction and marketing and trading. Last week, the Ministry delegation toured the shipyard of Keppel Offshore and Marine, which is responsible for the construction of the Fortuna floating liquefied natural gas project.
Representatives of the Ministry of Mines & Hydrocarbons of Equatorial Guinea, including His Excellency Minister Gabriel Mbaga Obiang Lima, present the EG Ronda 2016 licensing round in Singapore.
Chief Operating Officer of PanAtlantic Exploration, Daniel Hogan, was interviewed by Africa Energy Series. In his interview, Mr. Hogan talks about Equatorial Guinea’s potential for further E&P activity and the benefits of operating in the country.
American independent PanAtlantic Exploration will join the EG Ronda global roadshow to assist the Government of Equatorial Guinea in the promotion of the exploration acreage on offer. Members of the PanAtlantic management team will be in attendance at upcoming events lending their considerable expertise on exploring Equatorial Guinea’s offshore licenses. PanAtlantic brings extensive geotechnical and operational knowledge of Equatorial Guinea’s hydrocarbon basins and will provide a valuable perspective on the production sharing contract regime and investment landscape.
The Equatorial Guinea Oil and Gas Licensing Round announces the next stage of its world tour. On September 20-23, Ministry of Mines and Hydrocarbons officials will visit Singapore to promote exploration opportunities to Asian and Australian investors.
PanAtlantic Energy entered Equatorial Guinea’s Block K in 2010 and is now exploring a total of three license areas as operator. Chief Operating Officer H. Daniel Hogan spoke to the EG Ronda 2016 team about PanAtlantic’s strategy and perspective on exploring Equatorial Guinea’s oil and gas blocks.
In an interview on CNBC Africa on June 6, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines, Industry and Energy announced the launch of the EG Ronda 2016 licensing round and explained why now is the right time to invite companies to express interest in Equatoguinean acreages.
“The good news is that the slump is over. Prices are stable right now and we do believe that this is the best time to be able to start promoting acreage again,” said H.E. the Minister. “Our model PSC contracts are one of the most attractive in the region … [and] we have been focusing on investing all our resources on infrastructure and human resources”