Equatorial Guinea awards new PSCs

The Ministry of Mines, Industry and Energy signed eight new production-sharing contracts (PSCs) at a ceremony in Malabo on 15 December. Several of the blocks went to companies already active in the region, but there were also a number of new players, several of them based in Hong Kong. Block W offshore Rio Muni went to Murphy Equatorial Guinea Oil Company as operator, with Vanco Energy Company’s successor Pan Atlantic Oil and Gas Ltd and state oil company GEPetrol as partners.