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Friday, 16 August 2013

Equatorial Guinea Oil and Gas Report Q4 2013:Energy & Power Market Research Reports

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Equatorial Guinea Oil and Gas Report Q4 2013
Aug 14th 2013, 00:00, by rnrmahesh

BMI View: Rising interest in the deepwater potential of West Africa leaves Equatorial Guinea favourably placed, with proven hydrocarbon potential and a number of active operators. While we see opportunity for gains in oil output over the near term as new fields come online, the gains are set to be marginal and the increase in output temporary. We forecast that output will trend lower over the latter half of the decade, notwithstanding the upside for any new commercial discoveries. On the gas side, recent exploration success suggests Ophir has firmed-up the resource base to support an expansion of the country’s …

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