Introduction to Equatorial Guinea

Equatorial Guinea is located in the center of the Dynamic West African Petroleum Province and is now designated as a significant oil-producing country. Strong exploration during the 1990 combined with rapid field development has produced daily production which increased from less than 5,000 BOPD in 1992 to the average 2012 which exceeded 410,000 boepd.

The exciting new developments included the Ceiba Triton Energy field found in October 1999, and thanks to a very fast and technical development plan, it was producing the first oil in November 2000. Ceiba defines a new petroleum system in the Basin Rio Muni Guineau Equatorial and the success of more exploration Continue has been made with the discovery of the Okume Fields complex, which started production in 2008.

Recently, in July 2009 the Ministry of Mining, Industry and Energy announced the approval of the Plan Aseng Development in Block I. Previously known as Benita, Aseng was originally found in 2007 as a field of gas condensate. Furthermore, two assessment wells were drilled in the structure, with the first to identify oil resources and the two determined the downdip reservoir limit. The initial development of the field will include five underwater wells that flow into floating production, storage and dismantling (FPSO) where the production flow will be separated.

The traditional manufacturer area of ​​the equator of Bioko Island Offshore continues to grow with an increase in production at ExxonMobil’s Zafiro Field and the field of Alba Marathon. The production of the condensate field of Alba gas now feeds the $ 1.4 billion LNG factory and has eliminated the need for main gas combustion.

The fields developed in the period 1996 – 2011 were 1.1 billion barrels of exxonmobil operated by the field of Zafiro, the Bioko Offshore Island that came in 1996, Amerada operated the Ceiba field, which defines a new petroleum system in the Basin Rio Muni Equatorial Guinea, found on In 1999 and brought onstream in November 2000, Amerada operated the Okume complex, also in Rio Muni Basin, which began production in 2006 and noble operates the field of aseng, which is located in the Equatorial Guinea section, Douaa Island, Bioko Island freelance handle, found in 2007 And that produced the first oil on November 6, 2011.

During the early 2000s, the alba field operated marathon experienced a significant expansion program and now produced more than 800 MMCF gas per day, which feeded the Methanol methanol methanol company in the Atlantic (EGNG). The construction of methanol and LNG plants removes the widening gas from the field.

The Ministry of Mine, Industry and Energy has begun working on integrated gas collection projects to capture gas stranded in equatorial guinea and surrounding areas including the possibility of building the 2nd LNG train and petrochemical factory on Bioko Island and the construction of 20,000 BOPD refineries in Mbini on the mainland. Other future projects include the construction of petrochemical plants on the island of Bioko which utilizes methanol from the Amco factory and the construction of oil storage terminals and crude oil products on Bioko Island.

Petroleum production now dominates the economy of the Equatorial Guinea with oil income will more than 70% of national income and the petroleum sector are the driving force behind ongoing growth in Equatorial Guinea GDP and the rapid development of the country.

The Equatorial Guinea also has unrealized mineral potential and substantial land channels available for leasing for mineral exploration. Production of established artisanal gold and early exploration work has indicated the possibility for diamonds and columbbo-tantalite in particular. More systematic investigations are needed further to evaluate the potential of minerals from the Rio Muni region.