Equatorial Guinea
Equatorial Guinea, [a] officially the Republic of Equatorial Guinea, [b] is a country on the west coast of Central Africa, with an area of 28,000 square kilometres (11,000 sq mi).Formerly the colony of Spanish Guinea, its post-independence name refers to its location near both the Equator and in the African region of Guinea.As of 2024, the country had a population of 1,795,834, [7]
Energy Profile: Equatorial Guinea
Equatorial Guinea had a population of 790,000 people in 2013 (IEA, 2016). Total electricity production in 2015 was 82 ktoe with 57.3 per cent generated from hydro and 41.4 per cent generated from fossil fuels (IEA, 2016). Electricity consumption in 2015 was 36 ktoe. Table 2 shows the main energy statistics.
Equatorial Guinea: Oil discovery for Kosmos | African Energy
The Ministry of Mines and Hydrocarbons has announced that Kosmos Energy''s S-5 well on Block EG-24 has discovered oil. A ministry statement said the S-5 well was drilled at a total depth of 4,400 metres in the Rio Muni Basin and encountered 39 metres of net oil play in a Santonian reservoir. The discovery was the first well drilled in Kosmos'' infrastructure-led
Koil Energy Solutions
Koil Energy is a leading energy services company offering subsea equipment and support services to the world''s energy and offshore industries. We provide innovative solutions to complex customer challenges presented between the
Equatorial Guinea: Oil discovery for Noble Energy
The Ministry of Mines and Hydrocarbons has announced an oil discovery by Noble Energy in offshore Block I. The Aseng 6P well was drilled to a total depth of 4,417 metres testing a deeper prospect beneath the Aseng field. The field consists of five subsea wells connected to a FPSO vessel, and the ministry said Noble would use existing infrastructure to
Panoro Energy, Africa Oil Corp Bag New E&P Contracts in Equatorial Guinea
Equatorial Guinea''s Ministry of Mines and Hydrocarbons has signed three production sharing contracts (PSCs) with international oil and gas independents Africa Oil Corp and Panoro Energy, with the aim of boosting exploration and production across the country''s promising offshore blocks.. The three PSCs include two agreements with Africa Oil Corp to
About Us | Koil Energy Solutions
Energy companies looking for reliable subsea engineering solutions that perform beyond expectations turn to Koil Energy. Since 1997, our skilled team of operational and engineering experts have found creative ways to solve unique
Equatorial Guinea, DRC to Develop Joint Oil Refinery and
Available in Portuguese.. Equatorial Guinea''s Ministry of Mines and Hydrocarbons and the Democratic Republic of the Congo''s Ministry of Hydrocarbons signed a Memorandum of Understanding (MoU) on Tuesday at the Angola Oil & Gas (AOG) 2022 Conference & Exhibition, to develop existing synergies across their respective upstream,
Oil-Rich Mbanie Island Fuels Gabon-Equatorial Guinea Dispute
Key assets like Equatorial Guinea''s Ceiba field and Gabon''s Nyonie Deep 1 are poised to drive output, drawing interest from companies such as Perenco and Capitaine Energy. As energy security concerns grow, Gabon recently blocked an Assala oil asset deal to safeguard production, underscoring the stakes.
Luba Oil Terminal Equatorial Guinea
In 2013, Luba Oil Terminal Equatorial Guinea (LOTEG) increased its gasoil sales to exploration companies for drilling campaigns by more than 200 percent over its 2011 figures, to more than 150,000 tonnes. It is the
Invest in Equatorial Guinea Oil and Gas: Minister of Mines and
Equatorial Guinea''s Minister of Mines and Hydrocarbons, Antonio Uburu Ondo, will speak at the 2024 edition of the African Energy Week (AEW): Invest in African Energy conference – taking place November 4-8. The event brings together global financiers and African governments, setting the stage for deals to be signed and developments to kick off. To
Noble Energy Makes New Equatorial Guinea Petroleum Discovery
Minister Obiang Lima alongside Antonio Oburu, General Director of Equatorial Guinea''s national oil company GEPetrol, will lead a delegation of companies active in Equatorial Guinea to the Africa Oil & Power Conference and Exhibition in Cape Town, South Africa on October 9-11, 2019. Joining the minister will be BANGE, Centurion Law Group
Equatorial Guinea: Africa Oil awarded Blocks EG-18 and
Africa Oil Corp has signed two production sharing contracts (''PSCs'') with the Republic of Equatorial Guinea for offshore Blocks EG-18 and EG-31.These PSCs are subject to ratification by the country''s government. Africa Oil will hold eighty per cent (80%) operated interests in each block with the balance to be held by GEPetrol, the national oil company of
The Vital Necessity of Stopping Oil Production Decline in Equatorial Guinea
By Leoncio Amada NZE NLANG, Executive President of the African Energy Chamber at CEMAC and President of Apex Industries SA. The discovery of oil in Equatorial Guinea in the mid-1990s constituted an undoubted turning point in the country''s history. The country''s economy had previously been based on agriculture (largely coffee and cocoa) and
Oil On Gas Regulations Spotlight: Equatorial Guinea
In this sense, Equatorial Guinea''s energy policies differs from the energy transition targets set by most countries because it considers that it is essential for African countries to develop their own transition by prioritising oil and natural gas revenues in order to achieve socio-economic growth, maximise gas-to-electricity projects, and
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Marathon Oil signs LNG sales deal in Equatorial Guinea
MALABO, October 18, 2023 – Marathon Oil Corporation has entered into a five-year LNG sales agreement with global commodities company Glencore for a portion of gas produced at the Alba field in Equatorial Guinea, the American energy company announced on Monday. The deal will be effective starting on January 1, 2024, and is expected to raise the company''s year-on-year
Kosmos Energy Enters Equatorial Guinea with Three New Oil
Dallas-based Kosmos Energy will enter Equatorial Guinea via three new oil and gas licences following the EG Ronda 2016 licensing round. Block EG-21, Block S and Block W are located offshore
Resumo | Guiné Equatorial
O plano da Trident Energy na Guiné Equatorial não apenas gerou ganhos iniciais, mas também contempla anos de aumentos futuros de produção, eficazes em termos de custos. Panorama. Ceiba. Encontrado em 1999 pela Triton Energy; 2000: Primeiro barril oriundo de instalações submarinas produzido através da FPSO Sendje Ceiba;
Equatorial Guinea''s Minister of Mines and
The African Energy Chamber (AEC), serving as the voice of the African energy sector and a strong advocate for the development of Equatorial Guinea''s energy sector, commends the efforts being taken by Minister Ondo and the Ministry of Mines and Hydrocarbons to incentivize investment in the country''s oil sector, and is inviting the Government
Overview | Equatorial Guinea
The Ceiba field and Okume complex are located in the Gulf of Guinea, in water depths ranging from 50m to 800m. Trident is the operator of the Block G producing-fields, while Kosmos operates the surrounding exploration acreage: Block S, Block W and Block EG-21.
Equatorial Guinea, DRC Strengthen Energy Relations to Fast
As a top African oil and gas producer, Equatorial Guinea represents a critical partner for the DRC as the country moves to expand its high potential energy sector. Backed by over 180 million barrels of proven oil reserves and up to 5 billion barrels of estimated reserves, the Democratic Republic of Congo (DRC) is focused
Equatorial Guinea
The Ceiba field and Okume complex are located in the Gulf of Guinea, in water depths ranging from 50m to 800m. Trident is the operator of the Block G producing-fields, while Kosmos operates the surrounding exploration acreage:
KOIL Energy secures subsea systems contract in West Africa
1 天前· KOIL reported adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of $675,000 in Q3 2024, up from $17,000 in Q3 2023. The increase was mainly due
The Vital Necessity of Stopping Oil Production Decline
The influx of multinationals (oil majors) in Equatorial Guinea''s energy sector was due to the attractiveness of the fiscal terms and the prospectivity that the country offered for foreign direct investment (FDI)
The "After Exxon" Begins New Oil and Gas Chapter for Equatorial Guinea
ExxonMobil''s work here has also helped open Equatorial Guinea for investment from other oil and gas majors and independent companies, including Chevron, Marathon Oil, Kosmos Energy, Panoro, EG LNG, Africa Oil Corporation, Trident Energy, etc. During its tenure in Equatorial Guinea, ExxonMobil emphasized training and employing local residents
Panoro Energy sets terms for block off Equatorial Guinea
OSLO, April 4, 2024 – Oslo-listed Panoro Energy has reached an agreement with the government of Equatorial Guinea on the key terms and conditions for the award of offshore Block EG-23, the company announced on Thursday. Block EG-23 is located north of Bioko Island and adjacent to the producing Alba gas and condensate field. It covers a surface of approximately 600 square
Marathon Oil to Further Develop Equatorial Guinea Gas Mega Hub
(Marathon Oil Corp., 30.Mar.2023) — Marathon Oil Corporation (NYSE: MRO), through its affiliated company Marathon E.G. Holding Limited, has signed a Heads of Agreement (HOA) with the Republic of Equatorial Guinea (E.G.) and Noble Energy E.G. Ltd, a Chevron company, to progress the next phases (Phases II and III) in the development of the Equatorial Guinea
4 FAQs about [Koil energy Equatorial Guinea]
Who is koil energy?
Koil Energy is a leading energy services company offering subsea equipment and support services to the world’s energy and offshore industries. We provide innovative solutions to complex customer challenges presented between the production facility and the energy source.
How many oil fields are there in Equatorial Guinea?
Offshore Equatorial Guinea, there are six oil fields in the Ceiba Field and Okume Complex assets. The Ceiba Field is located in 600-800 m of water depth on the slope of the southern Rio Muni Basin approximately 35 km offshore.
Does Panoro own block s offshore Equatorial Guinea?
In October 2022, Panoro reached agreement to acquire a 12% non-operated participating interest in Block S offshore Equatorial Guinea by farming-in from Kosmos Energy and Trident Energy. Each of Kosmos Energy and Trident Energy previously held a 6% participating interest.
When will the production sharing contract expire in Equatorial Guinea?
The Production Sharing Contract in Equatorial Guinea's Block G, covering both the producing Ceiba and Okume Complex Fields, was agreed to be extended until 31 December 2040 by the Ministry of Mines and Hydrocarbons and the Joint Venture partners in May 2021.