Energy Storage Projects in Equatorial Guinea 2025

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6 Frequently Asked Questions about “Energy Storage Projects in Equatorial Guinea 2025”

Why do we need new acreage in Equatorial Guinea?

With the global energy landscape evolving and production from mature fields declining, the promotion of new acreage is essential to ensuring long-term energy security and continued revenue generation for Equatorial Guinea.

Does Equatorial Guinea support exploration?

Equatorial Guinea's commitment to advancing exploration is a testament to its strategic vision, and the AEC fully supports these efforts,” states Tomás Gerbasio, VP Commercial and Strategic Engagement, African Energy Chamber.

How many blocks are available in Equatorial Guinea?

Equatorial Guinea's last licensing round, held in 2019, offered 27 blocks for exploration and attracted significant industry interest, with 53 companies participating and 17 bids submitted. Blocks available in the upcoming round will include Block H and Block 02, previously operated by Atlas Oranto Petroleum and PanAtlantic Energy (Vanco Energy).

Will Equatorial Guinea launch new licensing opportunities in 2025?

Equatorial Guinea plans to launch new licensing opportunities in 2025 as part of its efforts to attract investment, boost exploration and ensure long-term energy security. Equatorial Guinea is taking decisive steps to revitalize its upstream sector, with plans to launch a new licensing round in 2025 aimed at increasing exploration and production.

Does Equatorial Guinea invest in hydrocarbons?

Under the leadership of Minister of Mines and Hydrocarbons, Antonio Oburu Ondo, Equatorial Guinea has demonstrated a proactive approach to fostering investment in its hydrocarbon sector.

What is GEPetrol doing in 2025?

After taking over operatorship from ExxonMobil in June 2024, GEPetrol launched a multi-phase development plan to extend production from the country's largest oil field in offshore Block B. Phase 1, set to begin in early 2025, will reconnect selected wells that were previously produced via tiebacks to the Zafiro Producer floating production unit.

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