Why do we need new acreage in Equatorial Guinea?

With the global energy landscape evolving and production from mature fields declining, the promotion of new acreage is essential to ensuring long-term energy security and continued revenue generation for Equatorial Guinea.

Will Equatorial Guinea launch new licensing opportunities in 2025?

Equatorial Guinea plans to launch new licensing opportunities in 2025 as part of its efforts to attract investment, boost exploration and ensure long-term energy security. Equatorial Guinea is taking decisive steps to revitalize its upstream sector, with plans to launch a new licensing round in 2025 aimed at increasing exploration and production.

How many blocks are available in Equatorial Guinea?

Equatorial Guinea’s last licensing round, held in 2019, offered 27 blocks for exploration and attracted significant industry interest, with 53 companies participating and 17 bids submitted. Blocks available in the upcoming round will include Block H and Block 02, previously operated by Atlas Oranto Petroleum and PanAtlantic Energy (Vanco Energy).

What transformations are taking place in Equatorial Guinea in 2022?

No data for Equatorial Guinea for 2022. Another important form of transformation is the generation of electricity. Thermal power plants generate electricity by harnessing the heat of burning fuels or nuclear reactions – during which up to half of their energy content is lost.

What are the different types of energy transformation in Equatorial Guinea?

One of the most important types of transformation for the energy system is the refining of crude oil into oil products, such as the fuels that power automobiles, ships and planes. No data for Equatorial Guinea for 2022. Another important form of transformation is the generation of electricity.

What is the electricity rate in Equatorial Guinea?

Electrification rates are relatively high in Equatorial Guinea at 66%. The country began oil production in the late 1990s and began LNG exports in 2007.