Equatorial Guinea announces 2026 oil and gas licensing round
EGRonda 2026 will open 24 blocks to global E&P companies.
01 October 2025
01 October 2025
EGRonda 2026 will open 24 blocks to global E&P companies.
The decision is part of a move to consolidate smaller offices into regional hubs.
The majority of the field’s recoverable gas is expected to be extracted by the end of this decade.
In April, the offshore contractor was granted a limited notice to proceed, allowing it to begin designing the FPSO.
Completion of the Prax Upstream purchase is expected in Q4 2025.
The average rate at which oil and gas fields’ output declines over time has significantly accelerated globally, largely owing to…
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