• Maersk Supply Services will provide full support and expertise for the FPSO project to an unnamed oil major.
• The Ministry of Mines and Hydrocarbons of Equatorial Guinea welcomes service companies to the Gulf of Guinea.
• Service companies will explore opportunities available in the region at the Oil & Gas Meeting Day in Malabo on October 1-2.

Malabo, Equatorial Guinea, 26 April 2019 — Maersk Supply Services has been selected to deliver an integrated FPSO mooring installation and replacement solution for an oil major in the Gulf of Guinea.

The agreement, signed on Thursday, will see the company provide full support and expertise, in partnership with InterMoor, to the unnamed US oil major on the mooring project, using four Maersk Supply anchor handling vessels and ROV and survey services.

The planning and engineering work is set to begin immediately while the offshore operations are expected to commence in Q4 of 2019.

“With this major contract, we add both a new customer and new country to our track record of providing integrated solutions. While we have supported this customer with marine services in the past, we are pleased that they recognize our expanded capabilities and have shown their trust in Maersk Supply Services to deliver on this complex scope of work,” said Steen S. Karstensen, CEO of Maersk Supply.

Welcoming Maersk Supply Services and other service companies to the Gulf of Guinea, Equatorial Guinea’s Minister of Mines and Hydrocarbons, Gabriel Mbaga Obiang Lima said: “Equatorial Guinea has a lot to offer international service companies and Equatorial Guinea is at the heart of the oil industry of the Gulf of Guinea. The opportunity is here for Maersk Supply Services to partner in a meaningful way with local firms to complete complex projects and create jobs. Our local content team is going to work hand in hand with Maersk to ensure compliance and success in these projects.” He added that “the Ministry is looking forward to providing support to a service company drive this year which will lead to an important conference in October.”

Brought together by the National Alliance of Hydrocarbons Service Companies (NAHSCO) and Grupo Stier, service companies, international oil companies, and hydrocarbons ministers will gather in Malabo on October 1-2 for the nation’s first Oil & Gas Meeting Day event, as part of the Year of Energy 2019 initiative.

Malabo, Equatorial Guinea, April 9. 2019 – Championing the development of Africa’s oil and gas industry through intra-African cooperation, the African Petroleum Producers´ Organization (APPO) Cape VII Congress & Exhibition saw the signing of a key backfill agreement, three licensing round presentations and opening addresses from heads of state and ministers from across the continent.

A central theme of the event was the unification of African countries and the need to foster cooperation throughout the continent through participation in organizations such as APPO and the Organization of Petroleum Exporting Countries (OPEC).

“It is clear that Equatorial Guinea recognizes the value of working through organizations such as OPEC, which can empower African countries with a voice on the global stage. The country’s oil and gas sector is continuing to evolve and expand and help further energize this great country. This includes attracting new investment, plans to launch a new licensing round with new oil and gas companies and overseas operators interested in new blocks, as well as continuing work improving the regulatory environment,” said H.E. Mohammed Sanusi Barkindo, Secretary General of OPEC.

Minister of Mines and Hydrocarbons of Equatorial Guinea H.E. Gabriel Mbaga Obiang Lima issued a call to action to National Oil Companies to take ownership over domestic natural resources, keeping in line with the theme of Africa contributing to its own nation-building. APPO also presented a framework for local content during the conference, with plans to create an official local content guide for APPO members.

“National Oil Companies need to wake up. National Oil Companies are in a coma. APPO needs to have teeth. It´s very important that African countries that have resources wake up. We are the only continent that is having discoveries after discoveries month after month. Senegal, Mozambique, Gabon, Nigeria, Equatorial Guinea. The biggest resource in the world is in Africa,” said Lima.

Definitive Agreements were executed by the Ministry of Mines and Hydrocarbons of Equatorial Guinea with major oil and gas companies to monetize gas from the Alen Unit operated by Noble Energy. Signed on April 1, the Agreements saw an increase in Sonagas’ stake in the EGLNG production facility from 25 to 30 percent, and commitment to tolling Alen Unit gas through Alba Plant’s liquified petroleum gas (LPG) processing plant.

“This is the kick off of our gas mega hub, and we will do more deals on other gas assets in the country that must be developed. Development of the gas mega hub will ensure a thriving Equatorial Guinea gas industry into the future. It is my firm belief that it will create opportunities for development of our citizens in the upstream and downstream segments of the country’s oil and natural gas industry,” said Lima.

The EG Ronda 2019 oil and gas mining licensing round was officially launched by President of Equatorial Guinea H.E. Teodoro Obiang Nguema Mbasogo. The round puts on offer 26 onshore and offshore blocks, including Ophir Energy´s former Block R which encompasses the currently stalled Fortuna floating liquified natural gas project that is now on offer as EG-27.

Free exploratory blocks and renderings of the coastal basin were also at the center of the call for tenders by the Ministry of Hydrocarbons of the Democratic Republic of Congo. The country promoted its available acreage located within three sedimentary basins that holds significant oil potential, targeting promotion of the blocks toward national companies and APPO member countries.

“What we can say now is that the Congo is a country with a future, and we can now invite our African brothers to come in numbers to invest because there is huge potential. There are many opportunities in this country, and we invite you all to come and invest in Congo,¨ said Minister of Hydrocarbons John Kwet-Mwen Kwet at APPO.

APPO also featured a roadshow of the Gabon 12th Licensing Round, and presentations on exploration opportunities in Nigeria by Enorense Amadasu, Head Upstream Monitoring & Regulation Division, Department of Petroleum Resources, Nigeria and a preview of the blocks available from the Republic of the Congo.

In addition to licensing rounds, ministers also promoted exploration throughout the continent. H.E. Ezekiel Lol Gatkuoth, Minister of Petroleum, promoted the vast exploration potential in South Sudan – with 70 percent of the country still to be explored. Gatkuoth, along with others, also pushed for greater gas monetization to drive economic growth and the elimination of gas flaring on the continent.

“We need to do more exploration, and with the current oil price, I think we can do business in South Sudan,” he told the audience at APPO. “We have a lot of blocks that are empty, and we want all investors to come and invest in South Sudan. For us, we want to have long term investment with our partners. We need to start focusing on how we can now lead Africa.”

• Punta Europa – Marathon Oil 
• Earth Networks
• Subsea7
• Baker Hughes a GE company
• E. Amadasu-Nigeria
• Schlumberger 
• SNPC
• GECF – by HE Yury P. Sentyurin
• Dr Achille Ngwanza
• Republique Démocratique Du Congo Ministère Des Hydrocarbures
• Sahara Group
• Sonangol
• H.E Ezekiel Lol Gatkuoth- South Sudan
• Schlumberger
• Tradex
• Sonangol
• HYDRAC
• African Development Bank
• SNH
  

The headlines were dominated by the announcement of the launch of Equatorial Guinea’s oil and gas and mining licensing round.

View the full APPO Cape VII media coverage below.

Monday:

Europapress

Wednesday:

Anadolu Agency

Oil Review Africa

S&P Global Platts

S&P Global Platts

Azerinews

African News

Connaissance Desenergies

Rigzone

Thursday:

Gulf Times

Oil Review Africa

Oil Review Africa

Africa Energy

Africa Energy

Africa Energy

Friday:

Rigzone 

Companies:

Oil Review Africa

This Day Live 

National:
Guinea Info Market

Malabo, Equatorial Guinea, 3 April – Equatorial Guinea launched 26 onshore and offshore blocks during the presentation of its open licensing round at the APPO CAPE VII Congress & Exhibition on Wednesday, announced by H.E. Teodoro Obiang Nguema Mbasogo, President of Equatorial Guinea.

The licensing round covers 24 offshore and two onshore blocks. Two of the blocks host existing discoveries, including Ophir Energy’s former Block R, which encompasses the currently stalled Fortuna floating liquified natural gas project and is now on offer as EG-27.

EG-23, located directly northwest of Marathon Oil’s Alba gas-condensate field and adjacent to the maritime boundary with Nigeria, hosts the Estaurolita gas discovery, located 27km from ExxonMobil’s Zafiro field and once considered for a two-well subsea tieback to the supermajor’s Zafiro Producer floating production, storage and offloading vessel. The block – parts of which were previously operated by CMS Energy and Marathon – also houses the Tsavarita oil discovery and the non-commercial Sodalita West oil find.

Six blocks – EG-07, 08, 12, 14, 25 and 30 – surrounding Bioko Island are up for grabs. Atlas Petroleum previously operated EG-30 (known as Block J) while Starc used to operated EG-25 (formerly Block X), but the companies have been forced to relinquish these assets having done little or no work on them for years. EG-07 holds the Langosta- gas and condensate discovery.

Other deep-water acreage available includes EG-05, 9, 10, 13, 15, 16, 17, and 22. Glencore previously operated EG-22 (then Block V) and EG-05. Blocks EG-03 and EG-04, previously controlled by Elegance Power, are on offer onshore Rio Muni, while shallow water assets EG-19, 26 and 29 (the former Block N) are also being offered to the industry.

The former Corisco Deep block, also known as Block K and now called EG-28, is also available. Four areas around Annobon Island – EA-01, 02, 03 and 04 – round out the tender.

On the mining side, the entire Rio Muni Basin is on offer, with evidence of bauxite, coltan, diamonds and gold, as well as other minerals.

Serving as the exclusive agent of the Ministry of Mines and Hydrocarbons to custody and manage the mining and hydrocarbon government national database and licensing round, U.K. consultancy firm Perceptum has prepared data sets and promotional materials for the round, and the data room is now open.

Malabo, 1 April, 2019 – The Ministry of Mines and Hydrocarbons, on behalf of the Government of the Republic of Equatorial Guinea (EG), has executed Definitive Agreements with the Alen Unit and respective Punta Europa Plant owners to monetize gas from the Alen Unit, located in Blocks O and I offshore Equatorial Guinea (EG) and operated by Noble Energy EG Ltd.

The Definitive Agreements, which were signed at the ongoing APPO CAPE VII Congress and Exhibition 2019, in Malabo, Equatorial Guinea, on Monday, commit for tolling Alen Unit gas through Alba Plant LLC’s liquefied petroleum gas (LPG) processing plant and EG LNG’s liquefied natural gas (LNG) production facility, both located in the Punta Europa LNG terminal. Marathon Oil is the majority shareholder in both Alba Plant LLC and EG LNG. This agreement will see EG’s national gas company, Sonagas GE, increase its stake in the plant from 25 percent to 30 percent.

Existing production and processing facilities are already in place at the Alen Platform and in Punta Europa. The Alen offshore platform will undergo minor modifications to export gas, while primary condensate will continue to be produced and lifted offshore via the Aseng FPSO. The Alen Unit joint venture will install and operate a 70km pipeline to transport gas from the Alen Platform to Punta Europa, where it will be processed and transported for sales in the global market.

The pipeline will be capable of transporting approximately 950 million standard cubic feet of gas per day, with first gas expected in the first quarter of 2021. The Alen Unit gas monetization project will leverage the capacity of the world class Punta Europa facilities. Modifications are already underway at Alba to receive Alen Unit gas. No process modifications are expected at EG LNG to process Alen Unit gas.

The project will provide an additional source of gas for the Punta Europa facilities and will transform the Alen platform into an offshore gas hub for development of both Alen Unit gas, other Block O and I discoveries, and, potentially, additional Gulf of Guinea gas fields. The Alen Gas offshore hub will be the first hub in the Government’s vision of developing Equatorial Guinea as a gas mega hub, comprising of additional offshore gas hubs, all feeding gas into the Punta Europa facilities.

“This is the kick off of our gas mega hub and we will do more deals on other gas assets in the country that must be developed. Development of the gas mega hub will ensure a thriving Equatorial Guinea gas industry into the future. It is my firm belief that it will create opportunities for development of our citizens in the upstream and downstream segments of the country’s oil and natural gas industry,” said Minister of Mines and Hydrocarbons, H.E. Gabriel Mbaga Obiang Lima.

He added that the monetization of Alen Unit gas could deliver between $1.5 to $2 billion dollars in additional state revenue over the life of the project, including revenue from Alen Unit and respective Punta Europa plants.

“Local content will play an integral role in the implementation of the project when it comes to contracting and jobs for our citizens. I am happy this project will support the employment of Equatoguineans employed by the Punta Europa plants and Alen platform, which currently stands at approximately 1,400 employees in total,” the Minister noted.

The Alen Unit is comprised of the Block O and Block I contractor groups. The members of the Block O contractor group are Noble Energy, which serves as the technical operator, Glencore Exploration Limited and Compañía Nacional de Petróleos de Guinea Ecuatorial (GEPetrol). The members of the Block I contractor group are Noble Energy, which serves as the technical operator, Glencore Exploration (EG) Limited, Atlas-Oranto Petroleum International Limited, Gunvor Resources Limited, and GEPetrol.

The Punta Europa parties include Alba Plant LLC, Alba Unit and Equatorial Guinea LNG Train 1, S.A. (EGLNG). The shareholders in Alba Plant LLC include Marathon Oil, Samedan of North Africa, LLC (a subsidiary of Noble Energy Inc.) Sonagas. The shareholders of EG LNG’s holding company comprise Marathon Oil, Sonagas, Mitsui & Co. Ltd. and Marubeni Gas Development UK Limited.

A strong pipeline of projects and region-leading infrastructure 
for oil and gas make Equatorial Guinea a prime deal-making destination in Central Africa.

In recent months, Equatorial Guinea has courted international investors with great enthusiasm — seeking to pump fresh life into a variety of sectors, from the well-established oil and gas sector to the barely developed (but bursting with potential) agricultural sector. H.E. Gabriel Mbaga Obiang Lima, the Minister of Mines and hydrocarbons, has been particularly active, taking the country’s EG Ronda 2016 on a global roadshow from Cape Town to Singapore, building close ties with potential Middle Eastern investors, successfully applying to join the Organization of the Petroleum Exporting Countries and seeking to collaborate with African nations.

At the same time, the government of Equatorial Guinea has taken real steps to ease investment and put an end to a reputation for having an inefficient bureaucracy. In the last several years, the government has established a co-investment fund of $1 billion for key industries like petrochemicals and mining; created a “one-stop-shop” for opening a business in the country; offered tax exemptions for diverse projects; and established an independent body to solve business disputes. The Ministers of Economy and Finance also held a roundtable discussion with the US Chamber of Commerce in 2016 in an effort to solicit investment.

The concerted effort to attract new investment to the country is not surprising, coming on the heels of a recession and stagnated growth since the price of oil and gas took a downward spiral. Real GDP growth fell from 8.3 percent in 2012 to -10 percent in 2016, while foreign direct investment plummeted from $13.5 billion in 2012 (the fifth-most for all of Sub-Saharan Africa) to $54 million in 2016. The country’s many infrastructure projects were put on hold — roads and buildings sat unfinished; oil and gas deals were cancelled or delayed and a drive to diversify the economy with petrochemicals, agriculture and storage projects was deferred.

But the endeavor to woo international investors is paying off, with global leaders in the energy industry taking a fresh look at the country. The Fortuna FLNG project, spearheaded by Ophir Energy and expected to reach FID in 2018, has attracted key investors, including Schlumberger and Golar LNG. Geneva-based Gunvor Group was named the preferred LNG offtaker for the project. The country has already entered an agreement with OneLNG, the joint venture company heading the project, to examine the possibility of a second FLNG.

In 2017, the Ministry of Mines and Hydrocarbons signed a memorandum of understanding with Shell to facilitate its entry into new hydrocarbons projects in the country, in addition to confirming Shell would continue to buy LNG from the country’s Punta Europa gas complex after its acquisition of BG Group in 2016. Following the EG Ronda licensing round, there are several new entrants into the sector, including leading frontier explorers Kosmos Energy and Trident Energy; and longtime players in the Equatorial Guinea offshore sector, including Exxon- Mobil and Ophir Energy.

Luba Freeport, majority-owned by London-based Lonrho, is also a draw for investors. The natural deepwater port, which also offers fabrication, bunkering and many other competitive services, provides for the offshore oil and gas sector throughout the Gulf of Guinea with its convenient location and fiscal incentives.

Investment is also entering the country from the Middle East — the Bioko Oil Terminal is expected to break ground in 2018 after a development and financing deal was inked with Arabian Energy of Saudi Arabia in May 2017 during the Equatorial Guinea-Saudi Arabia Economic Forum held in Jeddah, Saudi Arabia last year. The $500 million, 1.2-million cubic meter storage facility will further Equatorial Guinea’s drive to be a leader in the Gulf of Guinea, which is severely lacking in storage facilities.

Like most oil-dependent economies, Equatorial Guinea’s economic and development progress took a tumble after the oil price crash. But the country clearly did not sit idle waiting for the price slump to end. Instead, after years of carefully laying the groundwork for new investment, Equatorial Guinea is emerging from the oil price crash stronger, and ready to double down on development and economic diversification.

The Year of Energy, spearheaded by the Ministry of Mines and Hydrocarbons, positions Equatorial Guinea’s as Africa’s energy hub. Through events in Nigeria, Spain, the Emirates, South Africa and Equatorial Guinea, it brings attention to issues of regional cooperation, gaining greater value from natural resources and promotes investment in world-class oil and gas projects. Key events will be the APPO CAPE VII Congress & Exhibition on April 2-5 and the GECF 5th Gas Summit on November 26-29, 2019.

At III Oil & Gas Meeting Day, Minister of Mines and Hydrocarbons promotes Year of Energy 2019 events, including APPO CAPE VII Congress on April 2-5.

Minister emphasizes that Equatorial Guinea aims to diversify its economy into services and tourism, calls for investment and exchange of experience.

In April Equatorial Guinea will welcome new oil and gas operators, aims to reach financial close on major gas infrastructure and continues 2019 licensing round.

H.E. Minister Gabriel Mbaga Obiang Lima announced that he expects a final investment decision on the natural gas ‘backfill’ project linking producing gas fields in Equatorial Guinea to onshore liquefied natural gas facilities in April. Local content is going to be a key part of the execution and contracting strategy as more jobs and contracts need to be awarded to citizens and companies that are compliant with the laws.

He also welcomed petroleum sector operators to explore Equatorial Guinea through the EG Ronda 2019 licensing round and told delegates that new operators would soon be entering the country to take over amortized fields.

“Oil and gas has been fundamental to our growth and we have taken advantage of our resources to fuel development,” said the Minister, “but it will not be enough to secure our future. We are looking to the Canary Islands as an example that is close to home for many of us, of a place that has succeeded in building a sustainable economy on tourism and services. Equatorial Guinea will be the Singapore of the Gulf of Guinea. For that to happen, we invite our international partners to invest with us in technology, infrastructure and education and to exchange their experiences with us.”

Representing Equatorial Guinea at III Oil & Gas Meeting Day alongside the Minister was the national oil company GEPetrol, national gas company Sonagas and local industry association NAHSCO.

What do you consider the biggest achievements in energy to date?

The biggest achievement in the energy sector has been the growth of production capacity. It has been the greatest challenge that the government has been able to overcome. In the past 10 years, the production capacity of the country has grown exponentially. Energy encourages the industrial sector and exports and all this energy should be destined for that. The development of the energy sector shows the development of a country.

Which energy sector developments are particularly interesting right now?

In terms of the petroleum sector, we are working on processes in order to use energy more efficiently. We want to complete the current projects and at an industrial level, we are working on the necessary legal framework in order to encourage growth. There are some important projects to be done in terms of laboratories and quality control. We are paying close attention to this. You cannot develop industrially without the facilities of this kind.

What are the competitive advantages of Equatorial Guinea and what projects are most attractive for investors?

The first competitive advantage is the peace and tranquillity of the country. It is very important in order to develop any kind of activities. This is a small country with plentiful sources of raw materials to be produced and manufactured. If we could develop this, the potential is huge. We are in a country where you could throw a mango seed onto the road and it grows. That is an advantage. We still have a way to go in terms of legal terms and we are currently working on this. Good industrial development allows you to add value to raw materials.

For investors, the problem is that the power sector is not privatized here, which makes energy sector projects unattractive to investors, in that they cannot fully engage in the sector. A company might come and install a solar energy system, but the state owns and operates it. In other countries, the investor comes, starts a plant and sells the energy. The energy sector opens doors to all other sectors. Energy security and good prices attract projects and developments.

What are the next necessary steps in the long term?

Once capacity has been reached, we should look at energy efficiency. We need to save energy, make it cheaper and use it intelligently. We need to incorporate adequate mechanization and automation systems and that requires investment. This is the future of energy in the country. Energy efficiency has to be the top priority. Even if we invest in renewable energy, we will still depend on non-renewable energy. The population grows very fast and it will keep on growing.

By the year 2050 there will be an estimated 2.5 billion African people. Population growth will be a huge challenge, as will supplying all sectors with the power they need. We will reach a point where we cannot meet capacity and we will have to work on efficiency.

At an industrial level, the main challenge is to diversify the economy. We cannot depend that much on the oil sector. There are two main objectives. One is at a micro level, to encourage local industry for local consumption through local investors. Another is to be able to attract foreign investors so that at a macro-industrial level we can produce things in this country that can be exported. We are already on our way in terms of framework and regulations. There is no industrial culture in Africa. There has not been an industrial revolution. We have had to adapt continuously to global movements, but this will change.

Are there any projects in place to educate the population about electricity?

Apart from the educational projects and programs that we could implement, it is important to create habits and customs. For example, with an intelligent meter at home, if you do not pay your bill, you do not have electricity. It has happened to all of us. You learn and you understand the value of the commodity and get into the habit of paying bills and being more efficient. Previously, a one megabyte computer would use a whole floor, now you have gigabytes in a phone. We have gotten used to change and progress. We know that we have to pay our phone bill in order to use the device. Society imposes, sooner rather than later, that we will have to be efficient with electricity.

What is your summary of Equatorial Guinea’s greatest achievements up to the present day?

Peace is the greatest achievement of our government and our country. We should take off our hats to the President for this. It is a very difficult thing. Africa is complicated. Moreover, we have monetized the resources in the hydrocarbons sector. It has been exemplary. Thirdly, the investments in infrastructure have also been a great achievement. I would highlight these three points in the past 50 years.

This article was originally published in the Africa Energy Series: Equatorial Guinea book.

SEGESA is Equatorial Guinea’s national electricity company and is the sole owner and operator of generation, transmission and distribution assets.

Tracing its roots back to a pre-independence company running a small thermal plant not far from the town of Luba, Sociedad de Electricidad de Guinea Ecuatorial (SEGESA) today is a fully fledged national power utility, supplying electricity to the greater majority of Equatorial Guinea’s population.

In its current form, SEGESA was formed by governmental decree in 1990, following the conclusion of the Riaba hydroelectric dam.

At the time, Equatorial Guinea had a generation capacity of no more than 6 MW, divided between two small hydropower plants and one thermal power plant, and most of the population lacked access to a steady supply of power.

Since then, the company’s capacity has been growing steadily, in line with the economic growth of Equatorial Guinea.

SEGESA, which is in charge of all power generation and distribution in the island of Malabo, Annobón, and Equatorial Guinea’s continental territory, manages a balanced mix between renewables and fossil fuel-based power generation.

The opening of phase one of Malabo’s 8.4 MW Turbogas thermal power plant, in 2000, was a landmark moment for the company and the country. It was expanded by 17 MW in 2004.

Combined with the 7.2 MW Semu thermal power plant, which started operating in 2004, and the 24 MW Bata thermal power plant, which started operating in 2007, SEGESA’s installed generation capacity grew by ten-fold in just seven years.

In 2012, the opening of the 120 MW Djibloho hydroelectric dam and the deployment of the second phase of the Turbogas plant, adding 126 MW to its initial capacity, brought SEGESA’s installed capacity to a new high.

Today, SEGESA has an installed capacity of over 390 MW, providing electricity to over 80 percent of the country’s population, and strives to grow and innovate within the Central African power sector.

A demonstration of Equatorial Guinea’s and SEGESA’s investment in innovative solutions to address geographical and infrastructural limitations is seen in An- nobón. The island of 5,000 people located almost 700 kilometers away from Malabo was, until three years ago, completely dependent on expensive and inefficient diesel powered generators.

Today, a solar power microgrid with 5 MW of generation capacity and 10 MW storage, capable of satisfying all the island’s power needs, is almost complete. SEGESA’s Annobón solar microgrid is a showcase within Africa and one of the largest such projects in the world.

Long-term goals

In 2013, in a bid to reorganize and optimise SEGESA’s operations, the company was divided into three branches; generation, transmission and distribution (including commercial sales to businesses and residents). Since 2015 all of SEGESA’s divisions have been managed by SEGESA Holding.

The reorganization came in line with an expansion strategy, based on the government’s “Lights for All” initiative. It is within this framework that the construction of the Sendje hydropower plant in Rio Muni was initiated.

Once completed, this large scale dam will provide the national grid with an additional 120 MW of power. At the same time, SEGESA has been upgrading some of its older infrastructure with efficiency and environmental preservation in mind. The Bata thermal power plant has undergone a conversion of its turbines to run on natural gas, as well as on fuel oil.

The future will follow a similar pattern, with an additional 400 MW of generation capacity based on hydro resources having already been planned by SEGESA, and a natural gas fired 100 MW power plant in Kogo also on the road map. New investments in transmission capacity have allowed the company to extend its services to thousands of people in previously unconnected communities.

As new generation capacity comes online, Equatorial Guinea, through SEGESA, will be able to move forward from its goal of providing power to all its citizens and will embark on a new stage of power exports to its neighbors.