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Tuesday, June 7, 2016
Equatorial Guinea’s Ministry of Mines, Industry and Energy (MMIE) launched its latest oil and gas blocks licensing round, EG Ronda 2016. The launch took place at the Africa Oil & Power conference.
Companies are now able to submit letters of interest to the Ministry, and to view the official map of available blocks. The EG Ronda 2016 makes available all acreages not currently operated or under direct negotiation. The round is offering up 37 blocks in total, 32 of them offshore which includes Block A-12, newly relinquished by Marathon Oil. Also up for licensing is former Block EG-05, once operated by Glencore plc. This block has been split into four offshore licenses which have never been drilled.
The MMIE intends to build upon Equatorial Guinea’s strong reputation for exploration success by inviting oil and gas companies with the requisite financial and technical competency to explore its blocks.
Minister of Mines, Industry and Energy H.E. Gabriel Mbaga Obiang Lima said: “Our nation is a proven profitable home for global oil and gas companies that explore our waters, and now we look forward to meeting potential explorers at roadshow events worldwide in 2016.”
The bidding closes November 30.
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