Equatorial Guinea’s reputation as a safe, stable and economically prosperous nation has long drawn oil and gas firms keen to capitalise on its vast resources. The government is currently investing in industrialisation and development programmes such Horizon 2020 and the Equatorial Guinea Industrialisation Plan 2020 as a way to further strengthen the country’s social and economic foundations.
Although discoveries in the Aseng and Alen fields by US firm Noble Energy have helped to offset decline in the Zafiro field, country-wide production has continued to wane since 2005. In order to stop this trend from continuing, Equatorial Guinea is embarking on its largest-ever licensing round, which will offer excellent opportunities for exploration and production firms.
The Oil & Gas Year Equatorial Guinea 2013 is a who’s who of the industry leaders and a detailed guide to investment opportunities in an up-and-coming nation where a growing appetite for investment is driving real reform.