Africa Monitor

Africa Monitor Intelligence

Equatorial Guinea: Falling Oil Production with International Lack of Interest

With the exception of the Alen Unit gas pipeline, an offshore platform operated by Noble Energy that explores blocks 0 and I, (AM 1291), the sector continues not to captivate investors, and thus faces bleak prospects, which point to a fall above 15% in production until 2025, a situation that could greatly aggravate the lack of liquidity in the oil-dependent economy and the budget crisis. READ MORE