minister of mines and hydrocarbons...presented by, h.e. gabriel mbaga obiang lima, minister of mines...

EQUATORIAL GUINEA MINING AND PETROLEUMEG RONDA 2016 LICENSING ROUND CONCLUSION

Presented byH.E. Gabriel Mbaga Obiang Lima

Minister of Mines and Hydrocarbons

OIL AND GAS SECTOR OVERVIEW

EQUATORIAL GUINEA MINING AND PETROLEUM | EG RONDA 2016 LICENSING ROUND CONCLUSIONPresented by, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons

EQUATORIAL GUINEA COUNTRY DATA

EQUATORIAL GUINEA MINING AND PETROLEUM | EG RONDA 2016 LICENSING ROUND CONCLUSIONPresented by, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons

Population

1.2million

Imports

$5.48billion

GDP

$28.9billion

Exports

$14.76billion

More than

95%of

overall exports

77% of annual

GDP

Nearly

90%of

governmentrevenue

THE ENGINE FOR ECONOMIC GROWTHAND SOCIETAL WELFARE

EQUATORIAL GUINEA MINING AND PETROLEUM | EG RONDA 2016 LICENSING ROUND CONCLUSIONPresented by, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons

PRODUCTION PROFILE

EQUATORIAL GUINEA MINING AND PETROLEUM | EG RONDA 2016 LICENSING ROUND CONCLUSIONPresented by, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons

AFRICA’S NEWEST OPEC MEMBER

OPEC ACCESSION25 MAY 2017

EQUATORIAL GUINEA MINING AND PETROLEUM | EG RONDA 2016 LICENSING ROUND CONCLUSIONPresented by, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons

14th Globaland 6th AfricanMember State

Accession confirmedon May 26, 2017

E.G. joined OPECand non-OPECmembers in reducing productionthis year

EQUATORIAL GUINEA JOINS OPEC

EQUATORIAL GUINEA MINING AND PETROLEUM | EG RONDA 2016 LICENSING ROUND CONCLUSIONPresented by, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons

BENEFITS FOR AFRICA AND OPEC

EQUATORIAL GUINEA MINING AND PETROLEUM | EG RONDA 2016 LICENSING ROUND CONCLUSIONPresented by, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons

EG will be a voice formid-sized African producers

MMH keen to facilitateintra-Africanpetroleumdevelopment Relations with Arab

world enhanced by deal

OPEC gainsproduction volumes and EG diplomatic reach

OFFICIAL CLOSING OF 2016 LICENSING ROUND

48total

discoveries

42%Eq. Guinea

drilling success rate

114exploration

wells drilled

HISTORY OF EXPLORATION SUCCESS

EQUATORIAL GUINEA MINING AND PETROLEUM | EG RONDA 2016 LICENSING ROUND CONCLUSIONPresented by, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons

EG RONDA 2016

EQUATORIAL GUINEA MINING AND PETROLEUM | EG RONDA 2016 LICENSING ROUND CONCLUSIONPresented by, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons

EG Ronda 2016 launched June 6, 2016

Licensing round concluded April 28, 2017

Winners to be announced today at AOP 2017 press conference

Negotiations to begin by end of June 2017

Contracts to be signed by end of 2017

Roadshow events in London, Singapore, Abu Dhabi and Cape Town

MAJOR ENERGY PROJECTS

EQUATORIAL GUINEA MINING AND PETROLEUM | EG RONDA 2016 LICENSING ROUND CONCLUSIONPresented by, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons

November 6, 2014: EG and Ophir Energy reach agreement for Floating Liquefaction

Storage andOffloading Vessel

Fortuna FLNG will be

first deepwater FLNG

in Africa

First gas expected in 2020

Upstream andmidstream

FEED finalized

Offtaker agreementhas been

negotiated

MAJOR ENERGY PROJECTS

EQUATORIAL GUINEA MINING AND PETROLEUM | EG RONDA 2016 LICENSING ROUND CONCLUSIONPresented by, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons

FORTUNA FLNGTHE NEXT GENERATION OF MEGA PROJECTS

MMH signedagreement withOneLNG in May

Commercialand technical

structure to beset in 2017

Projectwill be EG’s

second FLNGfacility

Will utilizestranded gas inblocks O and I

FLOATING LNG FOR BLOCKS O AND I

EQUATORIAL GUINEA MINING AND PETROLEUM | EG RONDA 2016 LICENSING ROUND CONCLUSIONPresented by, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons

MAJOR ENERGY PROJECTS

Strategic location between African, Asian and Atlantic markets for crude and products

Stimulates regional petroleum industry, creates employment and reduces imports

Total capacity over two phases of 1.2 million cubic meters, western Africa’s largest depot

PHASE ONE PLANS22 storage tanksTotal capacity of 520,000 cubic metersTotal cost of 497,200,900 USDCost includes building ship loading jetties

BIOKO OIL TERMINAL

EQUATORIAL GUINEA MINING AND PETROLEUM | EG RONDA 2016 LICENSING ROUND CONCLUSIONPresented by, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons

MAJOR ENERGY PROJECTS

Phase 1: Refined products

Phase 2: Crude oil

Capable of storing, handling and blending middle distillates and light ends (diesel, jet A1, gasoline and naphtha), residual fuels (high and low sulphur fuel oils) and crude oils.

Segregated system per product type but no segregated system per client. The shared terminal infrastructure will be operated on a “first come, first served” principle.

EQUATORIAL GUINEA MINING AND PETROLEUM | EG RONDA 2016 LICENSING ROUND CONCLUSIONPresented by, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons

MAJOR ENERGY PROJECTS: Bioko Oil Terminal

PROJECT DETAILS

Heads of Agreement

currently being negotiated

MoU already in place with

Arabian Energy, signed in Saudi

Arabia on 11 May 2017

Ministry seeks EPC

partners and further project

investment

Interest shown by

Oranto Petroleum in investing and utilizing

the BOT

EQUATORIAL GUINEA MINING AND PETROLEUM | EG RONDA 2016 LICENSING ROUND CONCLUSIONPresented by, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons

MAJOR ENERGY PROJECTS: Bioko Oil Terminal

PROJECT PROGRESS AND INVESTMENT

The terminal will be used for loading, discharging, heating, blending, mixing and internal transfers. It is anticipated that there will be 3 separate tank pits:

Surface area approx.70 ha on plot of around 210 ha.

Gasoline and Naphtha compounds with 10 storage tanks Gasoil and Jet A1 with 13 storage tanks Fuel oil with 8 storage tanks

Tank capacity to range from 10,000 to 40,000 cubic meters

10 jetty lines4 berths with 4 marine loading arms.Another 2 berths in Phase 22 road loading bays

EQUATORIAL GUINEA MINING AND PETROLEUM | EG RONDA 2016 LICENSING ROUND CONCLUSIONPresented by, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons

MAJOR ENERGY PROJECTS: Bioko Oil Terminal

BIOKO OIL TERMINAL LAYOUT

THE MINING SECTOR

EQUATORIAL GUINEA MINING AND PETROLEUM | EG RONDA 2016 LICENSING ROUND CONCLUSIONPresented by, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons

Gold Bauxitic laterite ColtanDiamonds Aluminium

EQUATORIAL GUINEA MINING AND PETROLEUM | EG RONDA 2016 LICENSING ROUND CONCLUSIONPresented by, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons

THE MINING SECTOR

MINERALSRegional trends and recent surveys indicate excellent prospects.

Exploration: Alluvial deposits of rivers in 3 main areas – Niefang, Aconibe and Mongodo

Production: Approximately 2,166 kg of gold was producted in the 1970s, achieved by partial mechanization and artisinal mining activities

Resource base: Alluvial gold deposit is relatively thick. Estimated bedrock has an area of at least 350 square km

EQUATORIAL GUINEA MINING AND PETROLEUM | EG RONDA 2016 LICENSING ROUND CONCLUSIONPresented by, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons

THE MINING SECTOR

GOLD