New gas discovery in Bioko

The Ministry of Mines, Industry and Energy announced after several evaluations, the commercial discovery of gas in Block R by the company Ophir Energy.

Block R is located in the Niger Delta Basin, 140 km southeast of Malabo. The water depth ranges between 1,100 and 1,800 meters, with a surface area of 2,051 km².

The successful drilling campaigns carried out by the operator since 2002 have revealed the discovery of important accumulations of biogenic gas: in 2002, the discovery of Estrella de Mar-1 took place; in 2008, the discoveries of Lykos-1 and Fortuna-1; in 2012, those of Tonel-1 and Viscata and in 2014, that of Silenus.

The total reserves tested to market are estimated at 3.4 TCF (billions of cubic feet), approximately, of which 1.7 TCF are from the Fortuna complex; 1.2 TCF from the Silenus complex; 0.5 from Tonel and 0.4 TCF of other small discoveries.

According to the Minister of Mines, Mbega Gabriel Obiang Lima, “this Declaration of commercial discovery marks a new stage in the development of Hydrocarbons of Equatorial Guinea, for the first time in the history of our country to be developing a field of just Biogenic gas.”

The Ministerial Department of Mines, Industry and Energy is expecting the company Ophir to submit in the near future a plan for the development of the gas reserves of Block R.

Source: Ministry of Mines, Industry and Energy
Equatorial Guinea’s Press and Information Office

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