AGP Executive Report
Last update: 18 minutes agoGrowth Outlook: The IMF’s latest forecast places Equatorial Guinea among five sub-Saharan economies expected to grow more slowly than Lesotho in 2026, highlighting a weak regional outlook for the country. Oil Exploration: Europa Oil & Gas secured a one-year extension for its offshore EG-08 licence to advance a farm-out with China’s Fuhai and prepare the Barracuda-1 well. GEPetrol retains a 20% state interest. Drilling: Transocean’s Deepwater Conqueror is due to move from its Equatorial Guinea programme to a new US Gulf campaign in 2027, part of contract awards worth $550 million. Regional Energy Investment: APPO is urging African governments to strengthen national oil companies and demand firmer drilling commitments from international partners as new exploration deals attract investment. Blue Economy: Nigeria will lead work on a marine policy for nine Gulf of Guinea countries, including Equatorial Guinea, targeting maritime security, sustainable ocean management and investment.
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