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”
Cape Town, May 19, 2016 – The Government of Equatorial Guinea will officially launch the country’s oil and gas licensing round, EG Ronda 2016, at the Africa Oil & Power conference, to be hosted June 6-7, 2016 at the Westin Hotel, in Cape Town. The opening of EG Ronda 2016 will take place during a Market Spotlight session on Equatorial Guinea in which officials of the Ministry of Mines, Industry and Energy will showcase available licenses, existing exploration prospects and future projects opportunities. H.E Gabriel Mbaga Obiang Lima, Minister of Mines, Industry and Energy, will give the keynote address. Africa Oil & Power will be the first time that information about the licenses on offer will be made available to investors.