Continental Focus, International Reach

Pre-qualification for Equa G Blocks Closing Soon

Sunday, June 2, 2019

Equatorial Guinea’s Ministry of Mines and Hydrocarbons’ 2019 Oil and Gas Licensing Round – EG Ronda 2019, will see pre-qualification for bidding window close June 3.

The licensing round is comprised of 26 blocks; 24 for exploration and two for appraisal/development of hydrocarbons already discovered. The deadline for companies to submit bids is September 27. Winning bids will be announced November 27 at the Gas Exporting Countries Forum 5th Gas Summit in Equatorial Guinea.

“We want to welcome all investors from the oil industry to join us in developing our vast resources for the benefit of our country, and our international partners, in an environment of clear and stable legislation, fantastic incentives for the companies and extraordinary untapped potential of our benevolent geology,” said Gabriel Obiang Lima, Minister of Mines and Hydrocarbons.

The country has already hosted roadshows in Cape Town, Malabo, and San Antonio between February and May. Equatorial Guinea has scheduled additional roadshows in London (AOP Investor Forum, June 17), Cape Town (AOW November 4-8) and Malabo (CEGF Gas Summit, November 26-29).