Summary
Petroleum industry of Equatorial Guinea
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Extract
The star of the Gulf of Guinea.
The explosion in oil exploration and production in the Gulf of Guinea has been one of the main developments in the global oil and gas sector over the past few years. New discoveries have triggered a re-evaluation of the region's prospects and investment has poured in.
As a result of its location at the heart of the Gulf of Guinea, Equatorial Guinea has benefited more than most. Ever since the Ceiba deepwater field was discovered in 1999, interest in Equatorial Guinean acreage has soared and large-scale investment has been rewarded by a string of new finds. Gabon and Congo-Brazzaville had long been Sub-Saharan Africa's third and fourth biggest oil producers, after Nigeria and Angola, but Equatorial Guinea is already in the process of overtaking both of its neighbours. As established fields in mature producers such...See the full content of this document
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