Equatorial Guinea: Malabo launches drive to explore Rio Muni Basin

Issue 369 - 18 May 2018 | 2 minute read

Equatorial Guinea has launched a big drive to explore the Rio Muni Basin, with Kosmos Energy and Ophir Energy taking new blocks. Kosmos announced an agreement in October 2017 to acquire exploration blocks S, W and EG-21, as well as Hess’s producing Ceiba and Okume fields, while Ophir has taken EG-24, which borders São Toméan waters, where Kosmos has interests in six blocks. Mines and hydrocarbons minister Gabriel Mbaga Obiang Lima said Rio Muni stood out in the region as relatively unexplored compared to neighbouring Gabon and Cameroon.

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