UK-based global independent exploration and production company Panoro Energy has launched a three-well drilling campaign in Block G in the Equatorial Guinea. Drilling has begum on a new infill well, set to be completed by the end of Q1 2023, using the Island Innovator semi-submersible rig. The three-well project is slated for
READ MOREindependent and are susceptible to government and political interference and influence. Equatorial Guinea will only continue to benefit from solid relations with U.S. companies if it takes steps to improve its governance and overall business climate. In 2017, Equatorial Guinea attracted significant investments from a new U.S. oil exploration
READ MOREThe Fundamental Law of Equatorial Guinea, officially promulgated on February 16, 2012 followed a constitutional reform approved by referendum on November 13, 2011 set much of the law in Equatorial Guinea. The penal code and judicial system is still largely based on the Spanish colonial model.
READ MOREUK-based Petrofac has secured a contract from Compañía Nacional de Petróleos de Guinea Ecuatorial (GEPetrol) to support the operations of an asset in
READ MOREEquatorial Guinea signed three production sharing contracts with independent exploration and production company Panoro Energy and oil and gas company Africa Oil Corporation in 2023. Panoro was awarded a 56% participating interest and operatorship in Block EG-01, enabling the company to conduct subsurface studies on
READ MOREOverviewIndependence and Macias government (1968–1979)Pre-colonial historyColonial eraObiang government (1979–present)Further readingExternal links
In March 1968, under pressure from Equatoguinean nationalists and the United Nations, Spain announced that it would grant independence to Equatorial Guinea. A constitutional convention produced an electoral law and draft constitution. In the presence of a UN observer team, a referendum was held on August 11, 1968, and 63% of the electorate voted in favour of the constitution,
READ MOREPetrofac secures $350 million contract to support asset development offshore Equatorial Guinea. collaborating to extend the life of the field to build a legacy of energy independence and
READ MOREEquatorial Guinea: Many of us want an overview of how much energy our country consumes, where it comes from, and if we''re making progress on decarbonizing our
READ MOREThe country''s GDP was at USD 10.02 billion in 2020 (which fell by ell -4.9% compared to last year). Over 70% of the 1.403 million of the population lives in poverty in Equatorial Guinea, and over 40% lives in extreme poverty. Little progress has been made in diversifying the economy even though the government has substantial funds.
READ MOREBackground. Equatorial Guinea gained independence in 1968 after 190 years of Spanish rule; it is one of the smallest countries in Africa consisting of a mainland territory and five inhabited islands. The capital of Malabo is located on the island of Bioko, approximately 25 km from the Cameroonian coastline in the Gulf of Guinea.
READ MOREVAALCO Energy, Inc. (General and Investor Enquiries) +00 1 713 543 3422. Website: . Al Petrie Advisors (US Investor Relations) +00 1 713 543 3422
READ MOREEquatorial Guinea gained independence in 1968 after 190 years of Spanish rule; it is one of the smallest countries in Africa consisting of a mainland territory and five inhabited islands. The capital of Malabo is located on the island of Bioko, approximately 25 km from the Cameroonian coastline in the Gulf of Guinea. Energy
READ MORE6 · Equatorial Guinea - Independence, Oil, Culture: The movement toward independence began to take shape at the end of 1967. Early the following year the Spanish government suspended autonomous political control and, with the subsequent approval of the Organization of African Unity (OAU), proposed that a national referendum be held to
READ MOREEquatorial Guinea is one of the smallest and least populated countries in continental Africa and is the only independent African country where Spanish is an official language. Despite a boom in oil production in the 1990s, authoritarianism, corruption, and resource mismanagement have concentrated the benefits among a small elite.
READ MOREPetrofac, a leading provider of services to the global energy industry, has been awarded a Technical Services Contract by Compañía Nacional de Petróleos de Guinea Ecuatorial (GEPetrol), the National Oil Company of Equatorial Guinea, to support the operation of the region''s Block B asset.
READ MORESince 1968, the year Equatorial Guinea gained independence from Spanish colonial rule, the country has been run by a succession of repressive dictatorships. CMS Energy Corporation, whose
READ MOREPerformance. Equatorial Guinea was one of the world''s fastest-growing economies during much of the 1990s and 2000s thanks to the rapid expansion of its oil sector. The economy grew by a record 148·0% in 1997. In both 2007 and 2008 growth was among the highest in the world, at 15·3% and 17·8% respectively.
READ MOREAfter the 1979 coup, and following a request by the new government for technical assistance on how to improve human rights, the UNCHR in 1982 appointed an independent expert on Equatorial Guinea
READ MOREUK-based Petrofac has secured a contract from Compañía Nacional de Petróleos de Guinea Ecuatorial (GEPetrol) to support the operations of an asset in Equatorial Guinea. The contract, valued at approximately $350m (£281.26m) over a five-year period, is for Block B. It encompasses a range of technical services for onshore
READ MOREH.E. Gabriel Mbaga Obiang Lima thanks Chinese Embassy in Equatorial Guinea, African Energy Chamber and Ministry of Mines and Hydrocarbons staff for a highly-successful roadshow. EG Ronda Licensing Round Roadshow in China was met with tremendous success as over 100 Chinese investors participate and discuss investment in
READ MOREAfrica Energy Frontiers: Equatorial Guinea by Centurion Law, Lawyers and Business Advisors. OVERVIEW AND BACKGROUND. Oil exploration began under the Spanish administration
READ MOREPetrofac, a leading provider of services to the global energy industry, has today been awarded a Technical Services Contract by Compañía Nacional de Petróleos de Guinea Ecuatorial (GEPetrol), the National Oil Company of Equatorial Guinea, to support the operation of the region''s Block B asset.
READ MOREOverviewEconomyHistoryGovernment and politicsGeographyTransportationDemographicsCulture
Before the nation''s independence from Spain, Equatorial Guinea exported cocoa, coffee and timber, mostly to its colonial ruler, Spain, but also to Germany and the UK. On 1 January 1985, the country became the first non-Francophone African member of the franc zone, adopting the CFA franc as its currency. The national currency, the ekwele, had previously been linked to the Spanish peseta.
READ MOREEnergy system of Equatorial Guinea. Electrification rates are relatively high in Equatorial Guinea at 66%. The country began oil production in the late 1990s and began LNG
READ MOREEnergy in Equatorial Guinea. Energy in Equatorial Guinea is an industry with plenty of potential, especially in the fields of oil and natural gas. However, production has been declining in recent years due to under-investment and lack of new discoveries. In 2022, the country produced less than 100,000 barrels of oil per day (bopd) according to
READ MOREEnergy in Equatorial Guinea is an industry with plenty of potential, especially in the fields of oil and natural gas. However, production has been declining in recent years due to under
READ MORE6 · Equatorial Guinea - Independence, Oil, Culture: The movement toward independence began to take shape at the end of 1967. Early the following year the
READ MOREEquatorial Guinea has a consistent shortage of skilled labor. Unskilled labor is readily available. Youth unemployment is considered widespread, but statistics are scarce. According to the government''s 2015 census, released in 2018, about 40% of the population were not formally working and about 16% were unemployed.
READ MOREEquatorial Guinea: Energy Country Profile. Many of us want an overview of how much energy our country consumes, where it comes from, and if we''re making progress on decarbonizing our energy mix. This page provides the data for your chosen country across all of the key metrics on this topic.
READ MOREIndependence (from Spain): 12 October 1968 Calling code: +240 Operational Highlights 2014 proven oil reserves: 1.1 billion barrels. Country Review Equatorial Guinea Ministry of Mines Industry and Energy Overseeing Equatorial Guinea''s oil and gas industry, the Ministry of Mines Industry and Energy is responsible for almost 90 percent of
READ MOREInflation in Equatorial Guinea is estimated to have surged to 4.9% in 2022 (compared to 1.8% in 2021) due to higher global food and energy prices, which have
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