Equatorial Guinea has confirmed that it will make announcements on the next oil blocks to be put up for sale at the annual EG Gas Conference in Malabo in June 2013
The country had recently formally ratified eight offshore and onshore production sharing contracts (PSCs), all of which include state-owned GEPetrol as a partner.
Although some of the companies that secured PSCs are well-known industry players, awardees included less-known companies from West Africa, China and Brazil, suggesting that Equatorial Guinea was ready to welcome new investors to the country, according to Gabriel Obiang Lima, the country's minister of mines, industry and energy.
The ownership of many of these small companies is still unclear.
EG Gas Conference is expected to bring together more than 300 top executives, decision-makers and leaders in the oil field from the country and abroad.
According to the organisers of the conference, the event has received sponsorship from companies such as Ophir, Marathon Oil Corporation, EG LNG, Atlantic Methanol Production Company, BG Group, Mitsui, Marubeni, HESS, Schlumberger and Noble Energy.
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