The bidding deadline for Equatorial Guinea’s oil, gas and mining licenses has been set for September 27th, 2019 following a successful Roadshow that sought to attract investors in China.
Winners of the bidding process, known as the ‘ EG Ronda Licensing Round’, will be announced at the much-anticipated Gas Exporting Countries Forum’s 5th Gas Summit in Malabo on November 27th, 2019.
The announcement follows a 2-day investor forum for the bids that was held at the Kempinski Hotel in Beijing this week on behalf of the Ministry of Mines and Hydrocarbons of Equatorial Guinea
The EG Ronda Licensing Round Roadshow was met with tremendous success as over 100 Chinese investors participated and discussed investment in oil, gas, and minerals with Equatorial Guineas Ministry of Mines and Hydrocarbons.
The latter country’s delegation, which was led by Minister of Mines, Gabriel Mbaga Obiang Lima, thanked the Chinese Embassy in Equatorial Guinea, African Energy Chamber and Ministry of Mines and Hydrocarbons staff for a highly-successful roadshow.
The Ministry held a successful investment drive in China with Chinese investors in an event organised by the Africa Energy Chamber today in Beijing, China.
Ministry officials delivered presentations on the current EG Ronda Licensing Rounds 2019 for oil & gas and mining & minerals to a prestigious audience of Chinese investors and stakeholders. The event featured some of the biggest Chinese energy companies, including CMEC, CPP, CNOOC, PowerChina, Sinochem, Sinopec, Zhenhua Oil and China Minmetals responded to Equatorial Guinea’s invitation to come and invest in the country.
“We have met with very serious investors who believe in the immense hydrocarbons and mining potential of Equatorial Guinea and are ready to invest, we will announce agreements very soon,” commented Minister Lima.
“This will ensure additional investment into our oil & gas sector, and more importantly help develop our mining and minerals industry and create jobs,” he said.
Equatorial Guinea showcased 27 oil & gas blocks on offer under the EG Ronda Oil & Gas Licensing Round 2019, including EG-27 (former Block R) and EG-23 for appraisal and development.
The bidding process offers an opportunity for exploration and mining companies worldwide to apply for exploration rights in the country’s Rio Muni area, which is highly prospective in minerals such as gold, diamonds, base metals, iron ore and bauxite.