Equatorial Guinea licensing round likely to increase to 29 blocks

Equatorial Guinea’s upcoming licensing round looks set to be larger than previously thought, with two more blocks hosting existing discoveries likely to be put up for grabs.

The potential inclusion of the two tracts would swell the number of blocks to be offered in next month’s round to 29, with a total of four containing existing finds.

The Ministry of Mines & Hydrocarbons recently revealed a list of 27 blocks – 25 exploration blocks with two featuring discoveries – that will be offered in the round, set to be launched in early April at the Association of Petroleum Producers Organization conference in Malabo.

Speaking at the CERAWeek by IHS Markit conference in Houston on Tuesday, Minister Gabriel Obiang Lima however said it is likely the final list will comprise 29 blocks.

 

Source: Upstream

Share

SUBSCRIBE TO LATEST ENERGY NEWS

Read the latest energy industry news and researched articles
for oil and gas, power generation, renewable energy, events and more...