Equatorial Guinea Year of Energy: A call to action for Africa’s oil future

EG YOEAs Gabriel Mbaga Obiang Lima, minister of mines and hydrocarbons in Equatorial Guinea, calls for a stronger African energy dialogue, the country’s Ministry of Mines and Hydrocarbons continues rolling out the Year of Energy initiative

Following the success of the Cape VII Congress & Exhibition in April, Malabo will host the Oil & Gas Meeting Day for services companies from 1-2 October 2019. Obiang Lima headed to São Tomé and Príncipeyesterday to discuss energy cooperation in the Gulf of Guinea. The minister participated in the Angola Oil & Gas Conference 2019 in Luanda.

Addressing more than 1,000 African and international industry stakeholders, Obiang Lima reiterated his call to action to African national oil companies and governments. He said, “Our national oil companies are sleeping and should be engaging with each other constantly to explore joint-venture opportunities and projects across Africa.”

“We need to bring African NOCs and services companies together, and Equatorial Guinea will rely on the stage and platform created by the Year of Energy to foster that dialogue.”

In order to strengthen cooperation among African companies, encourage the development of strong African content and promote joint-venture opportunities, the Oil & Gas Meeting Day in Malabo will focus on exploring opportunities and dealing among services companies, which are central to the development of strong African capabilities across the value chain.

The minister headed to São Tomé and Príncipe where he met with his counterpart Osvaldo Abreu. This working visit focuses on energy cooperation between Equatorial Guinea and São Tomé and Príncipe, exploration and developmental issues, opportunities of oil and gas fields and gas monetisation.

“Two countries share a history of cooperation that keeps on getting stronger. We need to explore possible drilling campaigns in our waters and build a common future of prosperity,” declared Obiang Lima.

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