Petroleum Africa
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Friday, September 26, 2014
Equatorial Guinea’s Minister of Mines, Industry and Energy, Gabriel Obiang Mbaga, recently announced the discovery of a new gas well off the coast of the Island of Bioko. Mbaga said the new gas discovery, made by Ophir Energy with the drilling of the Silenus East-1 well, will allow the ministry to expand the Floating Installation of Liquefied Natural Gas (FLNG) project in the country.
“I am extremely pleased that the increase in recoverable reserves in Block R, as a result of the drilling of the Silenus East-1 well may result in a potential expansion of the Block R FLNG project from a 2.5 mm TPA to a 3.0mm TPA project. We are currently in negotiations to conclude the Block R gas terms and confirm the midstream partners, with the development of the first project of Floating Installation of Liquefied Natural Gas (FLNG) planned for early 2019,” Mbaga said.
The government is set on strengthening the energy sector and has made it a national priority.
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