Equatorial Guinea Invites Global Investors to Explore Latest Licensing Round at AEW 2023

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  • Equatorial Guinea Invites Global Investors to Explore Latest Licensing Round at AEW 2023

Equatorial Guinea’s latest bid licensing round will be on show during this year’s African Energy Week conference in Cape Town. Interested E&P players are encouraged to take part. 

Equatorial Guinea’s Ministry of Mines and Hydrocarbon proudly announces that the country’s latest bid licensing round will be on show during the African Energy Week (AEW) conference and exhibition, taking place at the Cape Town International Convention Center from 16-20 October 2023. The round has already piqued the interest of a strong slate of global players, and interested parties are encouraged to join the conference and engage with the Ministry in Cape Town.

Under efforts to bolster exploration and consolidate the country’s position as a regional energy hub, Equatorial Guinea is proud to deliver its latest licensing round. The Ministry of Mines and Hydrocarbons looks forward to engaging with investors in a mutually beneficial capacity, unlocking long-term returns for both the Government and the companies themselves. As an upstream play, Equatorial Guinea remains highly attractive and the licensing round is poised to unlock a wave of investment in the promising energy market.

“I am looking forward to speaking at AEW 2023 and look forward to engaging with investors who are looking to participate in Equatorial Guinea’s upstream, midstream and downstream sectors,” remarked Equatorial Guinea’s Minister of Mines and Hydrocarbons Antonio Oburu Ondo. “We continue to be ambitious about our energy sector and it is time for us to move on critical projects.”

The choice of AEW 2023 as a promotional platform for Equatorial Guinea’s latest bid round builds on the event’s global exposure and collaborative structure. Representing the largest gathering of energy stakeholders on the continent, AEW 2023 serves well to connect global investors with African opportunities. As global energy priorities shift and African stakeholders pursue domestic-centric energy solutions, AEW 2023 provides a platform for engagement on both a bi- and multilateral level.

For global investors, the promotion of Equatorial Guinea’s licensing round at AEW 2023 represents a strategic opportunity to join one of Africa’s most competitive energy markets. The country offers a wealth of opportunities across the entire energy value chain and is seeking partners to develop both the energy industry and broader economy. The country already boasts the participation of a strong assortment of E&P players, all of which operate under an aligned agenda through the Gas Mega Hub – a framework to position the country as a regional gas processing hub. Active companies include Noble Energy, Marathon Oil, Chevron and more. Additionally, energy developments are being spearheaded by the National Oil Company GEPetrol alongside EG LNG, operator of the Liquefied Natural Gas terminal at Malabo.

Equatorial Guinea’s preceding licensing round, EG Ronda 2019, concluded with the signing of three Production Sharing Contracts. Agreements were signed with Africa Oil Corporation for Block EG-31 in the Niger Delta Basin and with Africa Oil Corporation for Block EG-18 and Panoro Energy EG-01 in the Rio Muni Basin. Located offshore, these blocks are poised to unlock new supplies for the high-demand West African market. Building on the success of this round, the country’s latest bid round targets new investment in offshore acreage under efforts to scale-up production even further. Offering high returns for investors, the licensing round represents a strategic investment opportunity for global energy majors and independents alike.

AEW is the AEC’s annual conference, exhibition and networking event. AEW 2023 will unite African energy policymakers and stakeholders with global investors to discuss and maximize opportunities within the continent’s entire energy industry. For more information about AEW 2023, visit https://aecweek.com.