Country Report
Equatorial Guinea upstream summary
Report summary
Equatorial Guinea is the fourth largest hydrocarbons producer in Sub-Saharan Africa after Nigeria, Angola and Congo. Production comes from the offshore Niger Delta (Rio del Rey) and Douala basins. The biggest oil developments are Zafiro. Ceiba and Okume. The Aseng field on Block I has offset declines from the more mature fields. Liquids production remains in steady decline, although the Venus project will provide the first new oil development since 2013. Around a third of the country's ...
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
-
Douala basin
- Regional setting
- Stratigraphy
- Source rocks
-
Exploration
- Licensing
-
Drilling
- Drilling activity
- Early Exploration
- 1990s
- 2000s
- 2010s
- Success rates
- Future drilling plans
- Reserves and resources
-
Production
- Liquids
- Gas
-
Infrastructure
- Introduction
- Oil infrastructure
- Gas infrastructure
-
Costs
-
Capital costs
- Capital expenditure by location
-
Operating costs
- Operating expenditure by location
-
Capital costs
-
Policy and regulation
- Key legislation
- State participation
- Licensing
-
Fiscal terms
- Current fiscal terms
-
Overview
- Upstream
- Mid/Downstream
-
Current fiscal terms
- Government equity participation
- Bonuses, rentals and fees
- Indirect taxes
- Royalty
- PSC production sharing
- PSC cost recovery
- Corporate income tax
- Fiscal treatment of decommissioning costs
- Product pricing
- Summary of modelled terms
-
Historical background
- 1980s
- 1990s
- 2000s
Tables and charts
This report includes 28 images and tables including:
- Key facts: Table 1
- Country Map
- Reserves and contingent resources at 01/01/2023
- Liquids and Gas Production 2022
- Net Acreage 2023
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Acreage Map
- Production: Table 1
- Production: Table 2
- Liquids Production by type
- Liquids Production by project
- Production: Table 3
- Production: Table 4
- Gas Production
- Drilling Activity by Well Type
- Drilling activity and commercial success rates
- Costs: Table 1
- Costs: Table 2
- Operating Expenditure by Region (US$ Million)
- Fiscal terms: Table 1
- Fiscal terms: Table 2
- Fiscal terms: Table 3
- Fiscal terms: Table 4
- Fiscal terms: Table 5
- Fiscal terms: Table 6
- Fiscal terms: Table 7
- Fiscal terms: Table 8
What's included
This report contains:
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