Country Report
Equatorial Guinea upstream summary
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Equatorial Guinea ranks as the sixth-largest hydrocarbon producer in Sub-Saharan Africa. It trails behind Nigeria, Angola, Congo, Gabon and Mozambique. The country's production originates from the offshore Niger Delta (Rio del Rey) and Douala basins. Major oil developments include Ceiba and Okume in Block G, alongside Zafiro. The Aseng field on Block I commenced operations in 2011, helping to offset declining oil output from mature fields. However, liquid production faced a significant ...
Table of contents
- Executive summary
- Key facts
- Location maps
- Key companies
-
Geology
- Introduction
-
Rio del Rey basin
- Regional setting
- Stratigraphy
- Reservoir characteristics
- Tectonics and structure
- Source rocks
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Douala basin
- Regional setting
- Stratigraphy
- Source rocks
-
Exploration
-
Licensing
- 2019 bid round
- 2024 licence promotion
- Upcoming licensing round (2026)
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Drilling
- Drilling activity
- Early exploration
- 1990s
- 2000s
- 2010s
- 2020s
- Success rates
- Future drilling plans
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Licensing
- Reserves and resources
-
Production
- Liquids
- Gas
-
Infrastructure
- Introduction
- Oil infrastructure
- Gas infrastructure
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Costs
-
Capital costs
- Capital expenditure by location
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Operating costs
- Operating expenditure by location
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Capital costs
-
Policy and regulation
- Key legislation
- State participation
- Licensing
-
Fiscal terms
- Current fiscal terms
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Overview
- Upstream
- Mid/Downstream
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Current fiscal terms
- Government equity participation
- Bonuses, rentals and fees
- Indirect taxes
- Royalty
- PSC production sharing
- PSC cost recovery
- Corporate income tax (CIT)
- Fiscal treatment of decommissioning costs
- 2 more item(s)...
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Historical background
- 1980s
- 1990s
- 2000s
Tables and charts
This report includes the following images and tables:
- Key facts: Table 1
- Country map
- Reserves and contingent resources at 01/01/2025
- Liquids and Gas Production 2025
- Net Acreage 2025
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Production: Table 1
- Production: Table 2
- Liquids production by type
- Liquids production by project
- Production: Table 3
- 16 more item(s)...
What's included
This report contains:
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