Equatorial Guinea’s output slips lower as the last major looks for exit

Issue 439 - 27 May 2021

Malabo has big ambitions to become a regional gas hub, but from an oil production perspective Equatorial Guinea is a small player. Despite activity involving Noble/Kosmos and Trident, ExxonMobil wants to get out

In oil terms, Equatorial Guinea is an Opec minnow whose already small crude production has edged lower in recent years, with output in 2019 of 117,000 b/d slipping to 112,000 b/d last year – and averaging just 107,000 b/d in Q1 2021, amid Opec quota restrictions that kept barrels in the ground.

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