Presented by H.E. Gabriel Mbaga Obiang Lima Minister of Mines and - - PowerPoint PPT Presentation

EQUATORIAL GUINEA PETROLEUM SECTOR E&P, MAJOR PROJECTS AND SECTOR STRATEGY

Presented by H.E. Gabriel Mbaga Obiang Lima Minister of Mines and Hydrocarbons

PRODUCTION IN PROFILE

EQUATORIAL GUINEA PETROLEUM SECTOR | E&P, MAJOR PROJECTS AND SECTOR STRATEGY

Presented by, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons

Oil production

280,000

barrels

• f oil per day

Production of LNG, methanol, condensate and NGLs

180,400

barrels

• il equivalent per day

Proved oil reserves

1.1

billion barrels

Proved gas reserves

1.34

trillion cubic feet

Total oil and gas discoveries

50

Operated areas with 10 operators

23

Producing oil and gas fields

6

Companies and consortia to explore following EG Ronda bidding round

8

EQUATORIAL GUINEA PETROLEUM SECTOR | E&P, MAJOR PROJECTS AND SECTOR STRATEGY

Presented by, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons

PRODUCTION IN PROFILE

Hydrocarbons

• utput by type

Crude oil 56% Condensate 28% Dry gas 12% NGLs 4%

Liquids production proportion by field

Alba Zafiro Ceiba Okume Aseng Alen 16% 36% 7% 16% 14% 9%

EXPLORATION 2016-2018

EG Ronda 2016 launched June 6, 2016 Licensing round concluded April 28, 2017 Winners announced at Africa Oil & Power 2017 press conference in June Following high interest in EG blocks in 2016/2017, government will market more blocks in upcoming licencing round.

EQUATORIAL GUINEA PETROLEUM SECTOR | E&P, MAJOR PROJECTS AND SECTOR STRATEGY

Presented by, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons

NEW ENTRANTS SIGN AGREEMENTS

EQUATORIAL GUINEA PETROLEUM SECTOR | E&P, MAJOR PROJECTS AND SECTOR STRATEGY

Presented by, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons

Ophir Energy takes second acreage after Block R, this time in Rio Muni Block EG-24

Other winners: ExxonMobil, Atlas Petroleum, Clontarf Energy, Taleveras and Ofshore Equator

Kosmos Energy entered EG for first time in 2017 with 3 PSCs - EG-21, S and W, also in Rio Muni

AFRICA’S NEWEST OPEC MEMBER

OPEC ACCESSION 25 MAY 2017

EQUATORIAL GUINEA PETROLEUM SECTOR | E&P, MAJOR PROJECTS AND SECTOR STRATEGY

Presented by, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons

14th Global and 6th African Member State

Accession confirmed

• n May 26, 2017

E.G. joined OPEC and non-OPEC members in reducing production in 2016 and 2017

EQUATORIAL GUINEA JOINS OPEC

EQUATORIAL GUINEA PETROLEUM SECTOR | E&P, MAJOR PROJECTS AND SECTOR STRATEGY

Presented by, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons

BENEFITS FOR AFRICA AND OPEC

EG will be a voice for mid-sized African producers MMH keen to facilitate intra-African petroleum development Relations with Arab world enhanced by deal OPEC gains production volumes and EG diplomatic reach

EQUATORIAL GUINEA PETROLEUM SECTOR | E&P, MAJOR PROJECTS AND SECTOR STRATEGY

Presented by, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons

MAJOR ENERGY INITIATIVES

EQUATORIAL GUINEA PETROLEUM SECTOR | E&P, MAJOR PROJECTS AND SECTOR STRATEGY

Presented by, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons

LNG2Africa and Other Agreements to Further Intra-African Cooperation

EQUATORIAL GUINEA PETROLEUM SECTOR | E&P, MAJOR PROJECTS AND SECTOR STRATEGY

Presented by, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons

Ghana Nigeria Burkina Faso Cameroon South Sudan Uganda Mozambique Togo

November 6, 2014:

EG and Ophir Energy

reach agreement for Floating Liquefaction Storage and Ofoading Vessel Fortuna FLNG will be

first deepwater FLNG in Africa

First gas expected in 2020 Upstream and midstream FEED finalized

Ofgtaker agreement has been negotiated

FORTUNA FLNG

EQUATORIAL GUINEA PETROLEUM SECTOR | E&P, MAJOR PROJECTS AND SECTOR STRATEGY

Presented by, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons

GAS MEGAHUB

The Ministry

• f Mines and

Hydrocarbons plans to build a gas megahub to aggregate gas from upstream projects and deliver to

• nshore industry.

New infrastructure to link existing and new upstream projects with Punta Europa gas processing hub as primary industrial user of gas in the region. First step to developing the gas megahub is an agreement with Noble Energy to supply gas from Alen and Aseng fields to Punta Europa to replace declining Alba field production.

EQUATORIAL GUINEA PETROLEUM SECTOR | E&P, MAJOR PROJECTS AND SECTOR STRATEGY

Presented by, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons

Punta Europa BIOKO ISLAND Alba Gas Field Alen Gas Field Aseng Gas Field

Strategic location between African, Asian and Atlantic markets for crude and products Stimulates regional petroleum industry, creates employment and reduces imports Total capacity over two phases of 1.2 million cubic meters, western Africa’s largest depot PHASE ONE PLANS 22 storage tanks Total capacity of 520,000 cubic meters Total cost of 497,200,900 USD Cost includes building ship loading jetties

BIOKO OIL TERMINAL

EQUATORIAL GUINEA PETROLEUM SECTOR | E&P, MAJOR PROJECTS AND SECTOR STRATEGY

Presented by, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons

Equatorial Guinea to host

GECF Summit

in Malabo, will welcome heads of state from global gas producers Promotion

• f Afro-Latino

cultural relations through unique position in 2019 Series of events cements Equatorial Guinea’s place as the

African center for energy

Malabo will host

APPO’s

annual Cape VI conference as part

• f the initiative

2019: YEAR OF ENERGY

EQUATORIAL GUINEA PETROLEUM SECTOR | E&P, MAJOR PROJECTS AND SECTOR STRATEGY

Presented by, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons

Launch of Africa Energy Series: Equatorial Guinea 2018

EQUATORIAL GUINEA PETROLEUM SECTOR | E&P, MAJOR PROJECTS AND SECTOR STRATEGY

Presented by, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons

A celebration of

50 years

• f independence

and three decades

• f exploration and

production in Equatorial Guinea