Equatorial Guinea Signs MoUs with multinationals in Abu Dhabi to Boost Oil and Mining Exploration

EQUATORIAL GUINEA – The Ministry of Mines and Hydrocarbons of the Republic of Equatorial Guinea has signed several MoUs with successful bidders of its 2019 Licensing Round, on the sidelines of the Atlantic Council’s Global Energy Forum in Abu Dhabi. Under EG-RONDA 2019, the government of Equatorial Guinea offered 27 free blocks for exploration across its sedimentary basins. The licensing round generated interest from 53 companies and resulted in 17 bids. In 2020, the Year of Investment will see the signing and execution of several such contracts and projects, not…

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