Guinea Ecuatorial de Petróleos Cándido NSUE OKOMO MANAGING DIRECTOR OF GEPETROL OIL AND GAS EXPLORATION AND PRODUCTION PONTENTIAL IN EQUATORIAL GUINEA

Guinea Ecuatorial de Petróleos

Cándido NSUE OKOMOMANAGING DIRECTOR OF GEPETROL

OIL AND GAS EXPLORATION AND PRODUCTION

PONTENTIAL IN EQUATORIAL GUINEA

OIL AND GAS EXPLORATION AND PRODUCTION

PONTENTIAL IN EQUATORIAL GUINEA

NOT AN OFFICIAL UNCTAD RECORD

I N T R O D U C T I O NI N T R O D U C T I O NGEPetrol

GEPetrol was created in 2001 to follow up the petroleum operations, such as :

1. Negotiation and signature of PSC’s.

2. Follow up the petroleum operations in the field.

3. Marketing activities of State production sharing in Contracts.

GEPetrol presentation, UNCTAD Conference, Malabo, November 4 to 7 th 2008Thursday, April 20, 2023

STATE SHARES AT THE BEGINNING OF OIL

INDUSTRY

STATE SHARES AT THE BEGINNING OF OIL

INDUSTRY

GEPetrol

The State participation was insignificant.

State to improve this situation, the national oil company GEPetrol was created.


STATE SHARE IN PSC’S AND GEPETROL ASSETSSTATE SHARE IN PSC’S AND GEPETROL ASSETS

GEPetrol

The State participation at the beginning was from 0 to 5%

With GEPetrol the state participation interest in PC’s is between 20 to 58.40%.

On May this year, GEPetrol bought Ocean Equatorial Guinea assets with a value of 2.2 billion USD paid by the Government from Equatorial Guinea State Treasury.


JOINT VENTURE

COMPANIES

JOINT VENTURE

COMPANIES

GEPetrol

GEPetrol presentation, UNCTAD Conference, Malabo, November 4 to 7 th 2008

Loteg

Luba Free Port

Thursday, April 20, 2023

CURENT OIL FIELDS IN PRODUCTION

CURENT OIL FIELDS IN PRODUCTION

GEPetrol


ALBA FIELD

CEIBA AND OKUME FIELDS


ZAFIRO FIELD

GEPetrol

Promoting Local People:

1. English Courses

2. Seismic Interpretation

3. Drilling Operations

4. Marketing Activities

5. Negotiation of Contracts

6. Reservoir Engineering


TRAININGTRAINING


GEPetrol

ACTUAL PRODUCTION IN E. G.


GEPetrolACTUAL EXPLORATION IN E.

G.

BLOCK “O” CONDENSATE DISCOVERY

BLOCK “I” CONDENSATE AND OIL DISCOVERIES

BLOCK “P” OIL DISCOVERY

BLOCK “C” CONDENSATE DISCOVERY


GEPetrol

PROMOTE THE RELINQUISHED

AREAS OF EXISTING PSC’s


INVESTMENT OPORTUNITIES IN THE FUTURE

PROMOTE THE OPEN BLOCKS ONSHORE AND SHALLOW WATER OF

RIO MUNI, INCLUDING ANNOBON (NEVER EXPLORED)


GEPetrol


INVESTMENT OPORTUNITIES IN E. G.


OUTCROPS IN INCOA-NTOMA AREA (BATA)

Thursday, April 20, 2023 GEPetrol presentation, UNCTAD Conference, Malabo, November 4 to 7 th 2008

OUTCROPS IN IDUMA (MBINI)



OUTCROPS WITH OIL SHOWS IN BISONG (BATA)


GEPetrol

Block “O” with Gas Condensate discovery

Block “I” with Crude Oil and Gas-condensate discoveries

Block “P”, with Crude Oil and Gas discovery

Block “C”, with Gas condensate discovery (in Evaluation phase)


FUTURE DEVELOPMENT AND PRODUCTION


GEPetrol


PRELIMINARY POD IN BLOCK “P”


GEPetrol


PRELIMINARY POD IN BLOCK “P” (PUNTA MBONDA)


GEPetrol

PETROLEUM PRODUCTS STORAGE TANKS, BATA

Thursday, April 20, 2023 GEPetrol presentation, UNCTAD Conference, Malabo, November 4 to 7 th 2008

GEPetrol


PETROLEUM PRODUCTS STORAGE TANKS, BATA


Thank you very Much for your

attention

Thank you very Much for your

attention

G E P e t r o l


G E P E T R O L

UNCTAD Conference, November 2008


Documents

Guinea Ecuatorial de Petróleos Cándido NSUE OKOMO MANAGING DIRECTOR OF GEPETROL OIL AND GAS EXPLORATION AND PRODUCTION PONTENTIAL IN EQUATORIAL GUINEA