AGP Executive Report
Last update: 33 minutes agoBlue Economy: Equatorial Guinea is among nine Gulf of Guinea states in a proposed regional marine policy, with Nigeria leading work to strengthen maritime security, ocean governance and investment. Oil and Gas: The government plans more flexible hydrocarbon terms to revive drilling after output plunged to about 20,000 barrels a day in September, from roughly 140,000 in 2020. Exploration: Europa Oil & Gas secured a one-year extension for offshore block EG-08 to advance a farm-out deal and prepare the Barracuda-1 well; state oil company GEPetrol retains a 20% stake. Economic Outlook: The IMF expects Equatorial Guinea’s economy to remain in contraction, shrinking 1% in 2027 after declines projected for 2025 and 2026.
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