Equatorial Guinea Energy Export Storage Company

What is the electricity rate in Equatorial Guinea?

Electrification rates are relatively high in Equatorial Guinea at 66%. The country began oil production in the late 1990s and began LNG exports in 2007.

How many oil fields are there in Equatorial Guinea?

The Ceiba Field and Okume Complex assets comprise six oil fields offshore Equatorial Guinea. The Ceiba Field is located in 600-800 m of water depth on the slope of the southern Rio Muni Basin approximately 35 km offshore.

Does Panoro own block s offshore Equatorial Guinea?

In October 2022 Panoro reached agreement to farm-in to the Kosmos Energy operated Block S offshore Equatorial Guinea for a 12% non-operated participating interest, acquiring a 6% participating interest from each of Kosmos Energy and Trident Energy.

When will the production sharing contract expire in Equatorial Guinea?

In May 2021 the Ministry of Mines and Hydrocarbons of Equatorial Guinea and the Joint Venture partners at Block G agreed a material time extension of the Production Sharing Contract (“PSC”) until 31 December 2040 covering both the producing Ceiba and Okume Complex Fields.