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First step towards PSCs for new oil and gas blocks in Equatorial Guinea.

First step towards PSCs for new oil and gas blocks in Equatorial Guinea.

During the Atlantic Council´s Global Energy Forum in Abu Dhabi, several memoranda of understanding (MoUs) have been signed in light of the signing of PSC within the framework of the bidding campaign of new PSCs in Equatorial Guinea.

The MoUs have been signed for Block EG-27 with Lukoil and GEPetrol (Niger Basin, offshore), EG-23 with WalterSmith, Hawtai Energy and GEPetrol (Niger Basin offshore), EG-09 with Noble Energy and GEPetrol (Duala Basin, offshore), EG-18 with Africa Oil Corporation and GEPetrol (Rio Muni basin, offshore), EG-03, EG-04, EG-19 and Block P with Vaalco Energy, Levene Energy and GEPetrol (Rio Muni Basin, onshore) and EG-28 with GEPetrol (Rio Muni Basin, offshore).

We will closely monitor these aspects and we will inform our readers about the following stages.

Source: offshoreenergytoday.com
Africanews.com

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