Asset Report

Alba (LNG)

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Alba is a giant gas/condensate field that came onstream in 1991 and marked Equatorial Guinea's debut as a hydrocarbon producer. The field is operated by Marathon Oil. It is the sole supplier of feedgas to Equatorial Guinea's LNG plant. The initial Alba development involved production of condensate and LPG, with any remaining gas flared. In mid-1993, condensate production was increased after an upgrade of the onshore facilities, and in 1997 the LPG plant capacity was expanded.

Table of contents

  • Key facts
    • Summary
    • Key issues
  • Location maps
    • Upstream
    • LPG plant participation
    • Methanol plant participation
    • EG LNG participation
  • Geology
  • Well data
    • Recent exploration
    • Earlier exploration
  • Reserves and resources
    • Emissions
    • Key development metrics
    • Initial development (1990-2002)
      • Offshore infrastructure
      • Initial condensate and LPG extraction facilities
      • Methanol plant
      • Power generation
    • Phase 2a development
      • Offshore infrastructure
    • Phase 2b development
    • Phase 3 development
    • Alba compression project
    • Methanol plant storage and transportation
    • Exploration costs
    • Capital costs
      • Initial development (early 1990s)
      • Phase 2a and 2b (early 2000s)
      • Phase 3 (mid 2000s)
      • Compression Unit (mid 2010s)
    • Operating Costs
    • LPG
    • Sales to the methanol plant
    • Sales to the LNG Plant
    • LNG Export Contracts
    • Upstream (PSC) taxation
      • Royalty
      • Cost Recovery
      • Profit Share
      • Corporate income tax
    • LPG taxation
      • Royalty
      • Tax
    • Discount rate and date
    • Inflation rate
    • Oil price
    • Global Economic Model (GEM) File
    • Cash Flow

Tables and charts

This report includes 34 images and tables including:

  • Key facts: Table 1
  • Index map
  • Alba map
  • Geology: Table 1
  • Well data: Table 1
  • Reserves and resources: Table 1
  • Reserves and resources: Table 2
  • Production: Table 1
  • Production: Table 2
  • Alba production profile
  • Alba LPG plant output
  • Infrastructure: Table 1
  • Participation: Table 1
  • Participation: Table 2
  • Exploration: Table 1
  • Costs: Table 2
  • Alba Upstream (Gas and Condensate)
  • Economic analysis: Table 2
  • Economic analysis: Table 3
  • Split of Revenues
  • Cumulative Net Cash Flow - Undiscounted
  • Cumulative Net Cash Flow - Discounted at 10% from 01/01/2024
  • Remaining Revenue Distribution (Discounted at 10% from 01/01/2024)
  • Remaining Present Value Price Sensitivities
  • Alba LPG plant
  • Economic analysis: Table 5
  • Economic analysis: Table 6
  • Split of Revenues
  • Cumulative Net Cash Flow - Undiscounted
  • Cumulative Net Cash Flow - Discounted at 10% from 01/01/2024
  • Remaining Revenue Distribution (Discounted at 10% from 01/01/2024)
  • Remaining Present Value Price Sensitivities
  • Costs: Table 1
  • Fiscal and regulatory: Table 1

What's included

This report contains:

  • Document

    Alba (LNG)

    PDF 5.50 MB