RoyalGate gets Equatorial Guinea block extension

Equatorial Guinea

MALABO, January 29, 2019 – RoyalGate Energy has extended its licence for Block Z offshore Equatorial Guinea for an unspecified period of time, the independent announced on Monday.

RoyalGate also plans to bid in Angola’s upcoming Marginal Fields licensing round in June, the company statement added.

“We are very honored that the Ministry of Mines and Hydrocarbons continues to partner with us in our development of Block Z, and we greatly look forward to working with the government on the development of the block and using the gas resources to also further the development of the country’s gas mega hub,” Frank Ene, the company’s CEO, said.

The news came shortly after Ophir Energy failed to extend its licence for the nearby Block R, home to the Fortuna LNG project.

Read our latest insights on:

• Angola
• Equatorial Guinea

Previous

Gazprom hopes for $14-bln gas plant investment

Next

Mexico to bolster Pemex finances, stop crude imports