Equatorial Guinea shows progress in gas development and mining exploration

Progress in gas production and mining exploration is being demonstrated by the Ministry of Mines and Hydrocarbons. Released for the MMH by Africa Oil & Power (AfricaOilandPower.com).

Drilling proposals, downstream investments in natural gas, cross-border agreements and a full revamp of the mining sector are just a few of the measures launched in recent months by the Ministry of Mines and Hydrocarbons H.E. Gabriel Mbaga Obiang Lima team.

The Ministry of Mines and Hydrocarbons (MMH) of Equatorial Guinea has drafted a 100-day plan to drive the sector forward and deliver economic growth in order to help the Central African oil producer resolve the challenges of the COVID-19 pandemic and the 2020 downturn in oil prices. The strategy has come to an end now.

In the country's overall strategy to establish a natural gas-driven downstream mega-hub at Punta Europa, the two ongoing main projects tend to be on track. According to an MMH assessment survey, the Backfill project designed to feed gas from the Alen field to the hub is 85 percent completed, while the Punta Europa modular refinery is 90 percent completed.

A new onshore exploration strategy, as well as preliminary studies to identify targets in its continental basins, have been drafted and concluded by the MMH. It has also reactivated negotiations with Cameroon to jointly develop the Yoyo-Yolanda cross-border gas field.