https://en.sputniknews.africa/20251001/equatorial-guinea-to-launch-new-oil--gas-licensing-cycle-1078934333.html
Equatorial Guinea to Launch New Oil & Gas Licensing Cycle
Equatorial Guinea to Launch New Oil & Gas Licensing Cycle
Sputnik Africa
Equatorial Guinea to Launch New Oil & Gas Licensing Cycle 01.10.2025, Sputnik Africa
2025-10-01T08:44+0200
2025-10-01T08:44+0200
2025-10-01T08:44+0200
sub-saharan africa
equatorial guinea
guinea
afreximbank
liquefied natural gas (lng)
central africa
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Equatorial Guinea to Launch New Oil & Gas Licensing CycleIt will last from April to November 2026, with 24 blocks opened, both offshore and onshore, to revitalize a sector in decline for 15 years.📉 Production plummeted from 241,000 bpd (2010) to 55,000 bpd in 2023, leading to the departure of companies including ExxonMobil (after nearly three decades of presence in the country).💡 In response, Malabo is also developing its gas projects, notably Aseng ($690 million with Chevron) and EG-27 ($4.5 billion supported by Afreximbank), with ambitions for LNG liquefaction.📊 This new cycle will be crucial to revive economic growth in the face of a challenging environment.
equatorial guinea
guinea
central africa
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equatorial guinea, guinea, afreximbank, liquefied natural gas (lng), central africa
equatorial guinea, guinea, afreximbank, liquefied natural gas (lng), central africa
Equatorial Guinea to Launch New Oil & Gas Licensing Cycle
Equatorial Guinea to Launch New Oil & Gas Licensing Cycle
It will last from April to November 2026, with 24 blocks opened, both offshore and onshore, to revitalize a sector in decline for 15 years.
📉 Production plummeted from 241,000 bpd (2010) to 55,000 bpd in 2023, leading to the departure of companies including ExxonMobil (after nearly three decades of presence in the country).
💡 In response, Malabo is also developing its gas projects, notably Aseng ($690 million with Chevron) and EG-27 ($4.5 billion supported by Afreximbank), with ambitions for LNG liquefaction.
📊 This new cycle will be crucial to revive economic growth in the face of a challenging environment.
