AGP Executive Report
Last update: 11 hours agoOffshore Energy Investment: TGS says it has signed with Equatorial Guinea’s Ministry of Hydrocarbons and Mining Development to build a major offshore multi-client seismic “MegaSurvey,” starting with post-stack reprocessing of about 27,273 km of 2D and roughly 35,000 sq km of 3D, targeting completion in Q3 2026, with a wider plan for a nationwide harmonized dataset across the Rio del Rey and Rio Muni basins. New Exploration Moves: Galp Energia has signed a tentative MoU to run prospect studies offshore Equatorial Guinea on blocks EG-02, EG-09 and H, ahead of a possible production-sharing contract, marking a potential formal entry into the country’s licensing round. Oil & Gas Deal Progress: Europa Oil & Gas’ Antler Global farm-out on EG-08 has been approved by Equatorial Guinea’s ministry, with the remaining step being China’s Overseas Direct Investment approval; if cleared, the Barracuda-1 well could start in early 2027, with Fuhai funding most costs. Regional Finance Oversight: Banking regulators from across Africa are meeting in Yaoundé under CABS to strengthen prudential cooperation and financial stability, with Equatorial Guinea included via the CEMAC supervisory framework.
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