Middle East / Africa

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Country summary: Equatorial Guinea

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Equatorial Guinea - recent news

04 Aug 25
Equatorial Guinea: Europa Oil & Gas announces EG-08 farm-out update - Commercial negotiations advance with signing of Head of Terms
AIM-listed Europa Oil & Gas (Holdings) has announced that its associated company, Antler Global, has entered into detailed commercial discussions and has signed a non-binding Heads of Terms with a major energy company to farm-out an interest in the EG08 production sharing contract ('PSC') in offshore Equatorial Guinea.
05 Jun 25
Equatorial Guinea: SBM Offshore signs Share Purchase Agreement with GEPetrol
SBM Offshore has signed a Share Purchase Agreement for the full divestment of SBM Offshore’s equity interest in the lease and operating entities of the FPSO Aseng to GEPetrol. The Company’s exit from Equatorial Guinea will take place following an operational transition phase lasting up to 12 months.
02 Dec 24
Panoro Energy – Equatorial Guinea operations update: Akeng Deep result and second infill well onstream
Panoro Energy has confirmed that drilling of the S-6 ('Akeng Deep') exploration well at Block S offshore Equatorial Guinea has concluded. The well did not result in a commercial discovery. At Block G, first oil from the Okume infill well was achieved mid-November with production ramp-up ongoing.
13 Nov 24
Equatorial Guinea: Panoro Energy signs PSC for Block EG-23 offshore Equatorial Guinea
Panoro Energy has finalised terms and signed a Production Sharing Contract with the Government of Equatorial Guinea for offshore Block EG-23. Panoro now holds an 80 per cent participating interest and operatorship of Block EG-23. It is partnered by GEPetrol, which holds a 20 per cent participating interest.
01 Nov 24
Equatorial Guinea: Trident Energy reports the Block G infill well is now onstream
Trident Equatorial Guinea, as operator of Block G, has announced the C-45 infill well is successfully producing since it first came online on 15th of October and has a current rate in excess of 5,000 barrels per day, as per pre-drill expectations. It will continue to ramp up production to reach its full potential.

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