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 Oil production 280,000 barrels of oil per day Proved oil Proved gas Total oil and Operated areas Producing oil and Companies Production of LNG, reserves reserves gas discoveries with 10 operators gas fields and consortia to methanol, explore condensate and NGLs following EG 23 1.1 1.34 50 6 180,400 Ronda bidding round billion trillion barrels barrels cubic feet oil equivalent per day 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 Liquids production Hydrocarbons proportion by field output by type Alba 16% 56% Crude oil Za fi ro 36% Condensate 28% Ceiba 7% 12% Dry gas Okume 16% 4% NGLs Aseng 14% Alen 9% EQUATORIAL GUINEA PETROLEUM SECTOR | E&P, MAJOR PROJECTS AND SECTOR STRATEGY Presented by, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons
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 Other Ophir Energy winners: Kosmos Energy takes second ExxonMobil, entered EG for first acreage after Atlas Petroleum, time in 2017 with Block R, this time in Clontarf Energy, 3 PSCs - EG-21, S Rio Muni Taleveras and and W, also in Block EG-24 O f shore Equator Rio Muni EQUATORIAL GUINEA PETROLEUM SECTOR | E&P, MAJOR PROJECTS AND SECTOR STRATEGY Presented by, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons
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
EQUATORIAL GUINEA JOINS OPEC E.G. joined OPEC 14th Global and non-OPEC and 6th African Member State members Accession confirmed in reducing production on May 26, 2017 in 2016 and 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
BENEFITS FOR AFRICA AND OPEC EG will be a voice for MMH keen OPEC gains mid-sized African producers to facilitate production intra-African volumes and EG petroleum diplomatic reach development Relations with Arab world enhanced by deal 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 Burkina Faso Togo Ghana South Sudan Uganda Nigeria Mozambique Cameroon EQUATORIAL GUINEA PETROLEUM SECTOR | E&P, MAJOR PROJECTS AND SECTOR STRATEGY Presented by, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons
FORTUNA FLNG November 6, 2014: First gas O fg taker Fortuna FLNG EG and Ophir Energy expected in 2020 will be agreement reach agreement for Upstream and first deepwater Floating Liquefaction has been midstream FLNG Storage and negotiated in Africa FEED finalized O f oading Vessel 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 Alba Gas Field First step to The Ministry New infrastructure Punta developing the gas Europa of Mines and to link existing megahub is an Hydrocarbons and new upstream agreement with plans to build a projects with Noble Energy to Alen gas megahub to Punta Europa gas supply gas from Gas Field aggregate gas from processing hub as BIOKO Alen and Aseng ISLAND Aseng upstream projects primary industrial fields to Punta Gas Field and deliver to user of gas in the Europa to replace onshore industry. region. 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
BIOKO OIL TERMINAL 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 EQUATORIAL GUINEA PETROLEUM SECTOR | E&P, MAJOR PROJECTS AND SECTOR STRATEGY Presented by, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons
2019: YEAR OF ENERGY Series of Malabo Equatorial Guinea events cements Promotion will host to host of Afro-Latino APPO’s Equatorial Guinea’s GECF Summit place as the cultural relations annual Cape VI in Malabo, African center through unique conference as part will welcome heads of for energy position in 2019 of the initiative state from global gas producers 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 A celebration of 50 years of independence and three decades of exploration and production in Equatorial Guinea EQUATORIAL GUINEA PETROLEUM SECTOR | E&P, MAJOR PROJECTS AND SECTOR STRATEGY Presented by, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons
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