Seven companies win in Equatorial Guinea

MALABO, June 6, 2017 – Equatorial Guinea on Monday announced the winners of its EG Ronda 2016 bidding round, welcoming two new entrants.

Dublin-headquartered Clontarf Energy came out on top for Block EG-18 while Offshore Equator picked up EG-23. The other five winners were companies with a current presence in Equatorial Guinea, such as Ophir Energy. The UK player won Block EG-24.

Atlas Petroleum and the Strategic Fuel Front were announced as the winners for EG-10, with Nigeria’s Taleveras landing EG-07. Elenilto Group, finally, was awarded Block EG-09.

Twenty-three companies had expressed interest in the Ministry of Mines and Hydrocarbons’ EG Ronda2016, with 12 submitting bids.

“Some of the companies are majors, some are minors, but the important thing is that they are companies dedicated and willing to do exploration and that is the thing that needs to be done, minister Gabriel Mbaga Obiang Lima said in comments on the round.

Earlier on Monday, the ministry announced that ExxonMobil had been awarded Block EG-11 through direct negotiations.

Speaking on the topic of the Fortuna FLNG project, Obiang Lima said that Shell, Gunvor and Vitol were in pole-position for an off-take agreement, with a final decision expected in August.

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