Petroleum Africa
Find us on: 
Sunday, April 7, 2019
Equatorial Guinea launched 26 onshore and offshore blocks during the presentation of its open licensing round at the APPO CAPE VII Congress & Exhibition on March 4. The licensing round covers 24 offshore and two onshore blocks.
Of the blocks on offer, two of the blocks host existing discoveries including Ophir Energy’s former Block R, which encompasses the currently stalled Fortuna FLNG project. The former Ophir block is now on offer as Block EG-27.
The other block with an existing discovery is Block EG-23. This block is located directly northwest of Marathon Oil’s Alba gas-condensate field and adjacent to the maritime boundary with Nigeria, it contains the Estaurolita gas discovery. The block also holds the Tsavarita oil discovery and the non-commercial Sodalita West oil find.
Six blocks – EG-07, 08, 12, 14, 25 and 30 – surrounding Bioko Island are up also on the auction block. Atlas Petroleum previously operated EG-30 (known as Block J) while Starc used to operated EG-25 (formerly Block X), but the companies have been forced to relinquish these assets having done little or no work on them for years. EG-07 holds the Langosta- gas and condensate discovery.
Other deep-water acreage available includes EG-05, 9, 10, 13, 15, 16, 17, and 22. Glencore previously operated EG-22 (then Block V) and EG-05. Blocks EG-03 and EG-04, previously controlled by Elegance Power, are on offer onshore Rio Muni, while shallow water assets EG-19, 26 and 29 (the former Block N) are also being offered to the industry.
The former Corisco Deep block, also known as Block K and now called EG-28, is also available. Four areas around Annobon Island, EA-01, 02, 03 and 04 are also included in the tender.
" alt="Sintana to Expand Asset Base in Namibia with Acquisition">
" alt="Luanda Gives Afentra Nod for Azule Acquisition">
" alt="TotalEnergies Increases Stake in ROC’s Giant Moho Field and Sells Mature Assets">
" alt="Africa’s $824 Billion Debt Burden and Opaque Resource-Backed Loans Hinder its Potential">
" alt="African Refiners Ponder Threats to Energy Security for Africa as Transition Takes Center Stage">
" alt="Invictus Inks Gas Sales MOU to Deliver Power to Eureka Gold Mine">
" alt="Globeleq Acquires the 25 MWp Winnergy Solar PV Plant in Egypt">
" alt="Sintana Completes Well Testing at Mopane 1-X in Namibia">
