General Teodoro Obiang Nguema Mbasogo the LAST GENERAL
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Diega, Felicita and Carmen developed as a tieback to the THE LAST GENERAL AND THE YOUNGEST LEADER awash with potential medium to long-term feedstock op- are currently under appraisal, EG LNG facility. The Fortuna OF THE ATLANTIC POLIGON THAT ENDED SLAVERY with further studies required project, located in Block EG- tions. AND NATIONS OCCUPATION (1735 - 1942) to define the best develop- 27 (previously Block R), was The EG LNG plant, located ment scenario. These assets awarded to Lukoil during the General Teodoro Obiang Nguema Mbasogo offshore, north of Bioko Is- have robust forecasted eco- 2019 Equatorial Guinea Bid land, is currently supplied nomics of approximately 1.5 Round. Fortuna was originally from a single field, Alba, USD per thousand standard operated by Ophir up until whose production is forecast- cubic feet in IHS Markit Van- December 2018. The govern- ed to begin to decline in 2020 tage. Their economics could ment refused to extend the - 2021. To support continued further improve through oper- producing contract following supply to the liquefaction fa- ational and cost synergies if the failure of the company to cility, Marathon Oil, the plant's field developments were com- secure project funding. Ophir operator, has agreed with the bined. had previously announced the government to process third- plan to develop the field utiliz- An additional source of gas party resources and is seek- ing FLNG technologies, how- ing to secure further feed- could be supplied by ever, the development had stock supply. As part of this, the Yoyo/Yolanda field which been stalled for years due to additional supply was secured is located 15 kms east of the fields stranded location in April 2019, with an agree- Blocks 0 & I, straddling the and the lack of financing for ment signed between Noble border between Equatorial the project. Although histori- Energy and the government of Guinea and Cameroon. The cally delayed, indications from Equatorial Guinea for supply two governments are currently the new operator are that the from the Alen field. The Alen development concept for For- negotiating a joint develop- field has been producing con- tuna may be finalized in early ment of the two fields. The densate since 2013 with gas 2020. If developed as a tie- government of Equatorial injection utilized for pressure back, the project faces both maintenance. Noble Energy Guinea is said to be aiming technical and financial chal- Teodoro Obiang Nguema Mba- mainland region, Río Muni, is has decided to commercialize for a joint development where- lenges. The ultra-deep waters sogo; born 5 June 1942) is bordered by Cameroon on the the gas and is aiming to begin by gas will be exported to the plus high maintenance and an Equatoguinean politician who north and Gabon on the south gas production in 2021. The EG LNG and condensate to a inspection cost required to and east. It is the location of Bata, project took FID in April 2019 has been President of Equatorial Equatorial Guinea's largest city, local refinery in Cameroon. keep the 140km long pipeline and the contract for the con- Guinea since 1979. He has over- and Ciudad de la Paz, the coun- The planned Alen export pipe- operational could limit the struction of the 950 million seen Equatorial Guinea's emer- try's planned future capital. Rio line has sufficient capacity to economic viability of the de- gence as an important oil produc- Muni also includes several small standard cubic feet per day velopment as a tieback pro- support supply from both er, beginning in the 1990s. offshore islands, such (MMscf/d) export pipeline to ject. as Corisco, Elobey Grande, Blocks O & I as well as from Obiang was Chairperson of EG LNG was awarded to Sai- and Elobey Chico. The country is pem. This will help maintain Yoyo/Yolanda. In recognition of Equatorial the African Union from 31 Janu- a member of the African Un- ary 2011 to 29 January 2012. He ion, Francophonie, OPEC and feedstock to the EG LNG fa- Another area which has the Guinea's gas potential, a stra- is the second longest consecu- the CPLP. cility until the mid-2020s but potential to supply feedstock tegic partnership and cooper- tively serving current non-royal longer-term supply stability is gas to the EG LNG plant is ation agreement was signed national leader in the world. Since the mid-1990s, Equatorial still uncertain. the Greater Alba area and between the Equatorial Guin- Guinea has become one of sub- associated blocks. These ea government and Vitol Equatorial Guinea (Spanish: Guinea Saharan Africa's largest oil pro- Figure 1: Equatorial Guinea Ecuatorial; French: Guinée équa- blocks are hosts to the Lan- group in late 2019. It is aimed ducers. It is subsequently the LNG feedstock sources within toriale; Portuguese: Guiné Equa- gosta, Gardenia, Agate, Boco- at developing a gas megahub torial), officially the Republic of richest country per capita in Afri- tie-back distance to the Equa- co, Estrella and Luba East [13] on Bioko island in the vicinity EquatorialGuin- ca, and its gross domestic torial Guinea LNG facility. fields. All fields are small to ea (Spanish: República de Guin- product (GDP) adjusted of the EG LNG plant. Infor- Several feedstock sources medium size discoveries, ea Ecuatorial, French: République for purchasing power parity (PPP) mation in the public domain de Guinée équatoriale, Portu- some of which are under ap- per capita ranks 43rd in the world. available in the region. indicates the construction of guese: República da Guiné Equa- praisal. Combined, the gas torial), is a country located on the Equatorial Guinea: A tale of too The large capacity gas export reserves of these fields are several offshore gas pro- west coast of Central Africa, with much gas? pipeline between the Alen estimated to be between 500 cessing centres. The most an area of 28,000 square kilome- facilities and EG LNG had and 650 Bscf. All of these preferable development would tres (11,000 sq mi). Formerly the The future of the Equatorial aimed to support the commer- colony of Spanish Guinea, its post fields are within a short tie- be an additional LNG train at Guinean (EG) LNG facility on cialization of further gas re- -independence name evokes its back distance from the nearby EG LNG to allow for the sim- Bioko Island seemed in doubt serves from Block O & I. This location near both Alba platform, from which pro- ultaneous development of the Equator and the Gulf of Guin- over 2018, however into 2019 includes the Aseng, Diega, duction could be exported via ea. Equatorial Guinea is the only both the Fortuna and Block I there has been a reversal of Felicita, Carmen and Car- the existing Alba trunk line to sovereign African state in & O reserves. Given the cur- la fields. All fields are within 5 EG LNG. All six fields are es- which Spanish is an official lan- fortune. In the near-term, to 10kms of the Alen produc- rent oversupplied global LNG guage. As of 2015, the country feedstock stability has been timated to have marginal eco- had an estimated population of tion facility and can be devel- nomics as standalone devel- market this is unlikely to take secured with the recent final 1,222,245. oped utilizing low cost tieback opments but could be im- place in the 2020s. Conse- investment decision (FID) tak- scenarios. Combined, the gas proved substantially, if devel- quently, the development of Equatorial Guinea consists of two en for the Alen Gas Hub. The reserves from Block O&I could oped together. Fortuna and reserves in and parts, an insular and a mainland development of the Alen Gas sustain production through to region. The insular re- around Block O & I are possi- Hub has unlocked further po- the early 2030s, should they Fortuna and the potential gion consists of the islands bly in direct competition to tential gas supply in and be brought on stream in the competition for processing of Bioko (formerly Fernando Pó) secure medium to long-term in the Gulf of Guinea around Blocks O & I. The de- mid-2020s, once spare capac- capacity capacity at the EG LNG facili- and Annobón, a small volcanic ity is available. The Aseng velopment of these reserves While there seems to be suffi- island which is the only part of the field has been producing oil ty. country south of the equator. Bio- is however uncertain given cient long-term future feed- since 2011 with gas injection ko Island is the northernmost part recent announcements from stock for the single train lique- Rebekah Bostan and Ismini of Equatorial Guinea and is the for pressure maintenance. For the government of a potential faction facility at EG LNG, Katsimpardi are Senior site of the country's capi- gas to be produced, minimal recent Government announce- Technical Analysts at IHS tal, Malabo. The Portuguese- tieback of the re-invigorated to no drilling will be required ments have indicated that the Markit. speaking island nation of São Fortuna project. Consequent- as existing wells can be con- Tomé and Príncipe is located newly invigorated Fortuna ly, the EG LNG facility is now verted into gas producers. Posted 23 December 2019. between Bioko and Annobón. The development could also be LES ABOLISSEURS DE L’ESCLAVAGE ET LES PROMOTEURS DE L’INDEPENDANCE DES NATIONS AFRICAINES JOHN A DAMS GEORGES W. FRDERICK. lll GENERAL MITLAND GENERAL LOUVERTURE GENERAL PETION GENERAL BOLIVAR 1735 - 1826 1738 - 1820 1759 - 1824 1743 - 1803 1770 - 1818 1783 - 1830 HISPANIOLA CANADA HAITI ANGLETERRE DOUZE (12) PRESIDENTS, AMERIQUR DU SUD GENERAUX LES ETATS UNIS ET UN (1) ROI Naissance de SENEGAL 1735 DES NATIONS à DE 1942 L’ATLANTIQUE GUINEE EQUATORIALE RDH2030.COM GHANA GABON AFRIQUE DU SUD CAMEROUN LEOPOLD S.