Equatorial Guinea announces winners of EG Ronda 2019 bidding round

Equatorial Guinea’s Ministry of Mines and Hydrocarbons has announced the winners of the 2019 licensing round for its oil. Equatorial Guinea’s ruling party has expelled 42 of its members for their alleged role in a coup bid late last year. Equatorial Guinea’s army chief-of-staff, who was only appointed to the post in October. Two journalists held by police after they interviewed a suspended judge in Equatorial Guinea have been released without charge. Equatorial Guinea’s president Teodoro Obiang Nguema. Equatorial Guinea President Teodoro Obiang Nguema has pardoned 81 prisoners. Equatorial Guinea’s lawmakers have been banned from foreign travel unless authorised by Vice President Teodorin Nguema Obiang.

Officially launched in April, the round received interest from 53 international and national companies, with 17 companies submitting official bids. Equatorial Guinea’s authoritarian president, Teodoro Obiang Nguema, has called for “national dialogue,” a move that comes on the heels of a thwarted coup. A South African firm will provide paper for the ballots in this year’s election in Zimbabwe, and the papers themselves will be printed inside the country. Seven companies awarded concessions for nine blocks. The ruling Democratic Party of Equatorial Guinea (PDGE) decided to expel them for their role in the failed December 24 coup. It has been sacked by the president, state television has reported.

Equatorial Guinea has one of the world’s worst records for media rights, ranking 165th out of 180 on the 2019 World Press Freedom Index compiled. He has appointed several members of his family to top military positions. Company grant pardons to people condemned, or serving sentences for offences against the government. Lawmakers must submit a request to travel abroad to the head of the National Assembly or the Senate. In a speech broadcast nationally on state television on Tuesday, the 76-year-old leader said “dialogue and political interaction. The Zimbabwe Independent understands that South Africa-based Mondi Shanduka had been contracted to supply newsprint to be used for printing ballot papers.

Block EG-27 (formerly Block R) in the Niger Basin, was awarded to Russian energy multinational Lukoil and GEPetrol. It expelled included a former ambassador, at least two former judges and the former head of security for President Teodoro Obiang Nguema. President Teodoro Obiang Nguema has ruled the oil-rich country with an iron fist for 39 years. Melanio Nkogo and Ruben Dario Bacale work at the oil-rich nation’s only privately-owned TV station Asonga. His graft-tainted son Teodorin Nguema Obiang is already vice-president. Those listed, including 30 opponents sentenced to more than 30 years in jail, remained behind bars on Thursday. Block EG-23 in the Niger Basin, which hosts the Estaurolita gas discovery, was granted to WalterSmith, Hawtai Energy.

GEPetrol. EG-09 in the Duala Basin was awarded to Noble Energy and GEPetrol. In March, the Convergence for Social Democracy (CPDS), Equatorial Guinea’s second largest opposition party. Oyono was suspended last month by the Supreme Court’s President was appointed major general in the army to mark the country’s 50th anniversary of independence from Spain late last week. Among them is Jesus Mitogo, the sole parliamentary deputy of the opposition Citizens for Innovation (CI) party. Some lawmakers in Malabo confirmed the information to AFP. In the Rio Muni Basin, EG-18 was awarded to Africa Oil Corporation and GEPetrol; EG-03 to Vaalco Energy. Guineans living abroad to come home, to the country of our birth, to look for all-embracing, inclusive strategies.

Levene Energy and GEPetrol; EG-04 to Vaalco Energy, Levene Energy and GEPetrol; EG-19 to Vaalco Energy. The 76-year-old leader also made his brother-in-law Victoriano Nsue Okomo. In June, the country’s civil servants were hit with a similar ban. A former Spanish colony of 1.2 million people, awash with oil but mired in poverty. The printing of the more than five million voting papers remains a source of contention. Obiang, 76, seized power in the small former Spanish colony in 1979. According to sources, the move is linked to an attempted coup that took place in December. Block P to Vaalco Energy, Levene Energy and GEPetrol; and Block EG-28 to GEPetrol.

“This demonstrates that Equatorial Guinea can attract significant interest of investors in the petroleum community”, said H.E Gabriel Obiang.

It argued, a sign of the general discontent with the government. The authorities in the West African country announced in January that they had foiled the coup bid. Company faced a string of coup attempts during nearly four decades in office. The details are announced by the Equatorial Guinean government in January. Mitogo was convicted that month, along with fellow CI militants, for “sedition, public disorder, attacks. The authorities say the operation involved a group of men from Chad. President would never fulfil his July promise of a total amnesty to all political prisoners. Several foreign nationals have also been accused of fomenting the thwarted coup.

Company blamed the plot on militants from “certain radical opposition parties with the support of certain powers. In January CEO fired four senior regime officials, including his grandson. The CI party considers the detention of its militants to be illegal and claims they have been mistreated and tortured. It was followed by the arrests of scores of opposition activists and the banning of their party. A former Spanish colony of 1.2 million people, awash with oil but mired in poverty and a reputation for corruption. The main opposition Movement for Democratic Change (MDC) had wanted the ballots printed outside the country. Critics accuse him of brutal repression of opponents as well as election fraud and corruption.

Hopefully, next year company will attract even more investments to our country. Around 30 mercenaries from Chad, the Central African Republic and Sudan were detained in neighbouring Cameroon at the time. Among promoted in October was the son of the president, Teodorin Nguema Obiang, vice president with responsibility for defence and security. Obiang junior was handed a three-year suspended prison term by a French court last year. Two opponents of the regime Evaristo Oyaga Sima and Juan Obama Edu, died in prison. The CI has been calling for the release of its jailed members, saying the president had failed to uphold a promise of amnesty announced in July.

The Ministry of Mines and Hydrocarbons has also signed a cooperative agreement with Russian geological research company Rosgeo. A trial of those involved in the coup plot was due to begin next February, sources close to the regime. It was found to have embezzled €150 million to fund his lavish lifestyle. President Nguema has ruled the small, oil-rich state with an iron fist since 1979, issued the pardons. President Teodoro Obiang Nguema has ruled the small, oil-rich state with an iron fist since August 1979. Venezuelan state-owned oil company PDVSA for the study of prospective onshore mining area on the country’s mainland. Imbabwe’s main opposition party says President Emmerson Mnangagwa’s government must take action against ministers.

The Ministry aims to sign production sharing contracts as soon as possible to enter into the next phase of negotiation. Equatorial Guinea is one of sub-Sahara’s biggest oil producers but a large proportion of its 1.2 million population still lives in poverty. To work more collaboratively with potential investors, all of the blocks were offered on a drill-or-drop basis. The country has closed its borders ahead of Friday’s celebrations which will see several heads of state converge on the capital Malabo. Obiang has since seen off at least half a dozen assassination or coup attempts. It is reduction of signature bonuses to a minimum of $1 million. It included a six-storey mansion on the upscale Avenue Foch in Paris and paying huge sums.

The drill-or-drop policy provides each company with an initial two-year period to explore, process seismic data. MDC Secretary General Douglas Mwonzora says the army should also publicly dissociate itself from the ministers statements. Teodorin Nguema Obiang was promoted from colonel directly to division general, without passing through the normal intermediary rank of brigade general. It define well locations, bring in additional investment. Nkogo said he believes that he and his colleague were held in a bid to “intimidate” them. Only after this period, in which a company has the opportunity to evaluate. The most recent attempted coup, in December, involved a group of men from Chad, the Central African Republic.

It reduce its risk from the data obtained, will the company have to decide whether it wants to proceed with the exploration well. Last year, a French court handed down a three-year suspended jail sentence to Obiang’s son, Teodorin. Critics accuse President Obiang of brutal repression of opponents as well as election fraud and corruption. Spain will be represented by its secretary of state for external cooperation. The operation was followed by the arrests of scores of opposition activists and the banning of their party. Equatorial Guinea has become one of sub-Saharan Africa’s biggest oil producers. Equatorial Guinea’s next licensing round will take place in 2020 and will include a different set of criteria by which to select potential blocks.

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