Equatorial Guinea Says New Licensing Means ‘Open Door’
Equatorial Guinea Says New Licensing Means ‘Open Door’
Ben Farey November 17, 2010
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This article details the Equatoguinean government's new policy of "open house" contracts, in which oil companies can negotiate directly and immediately with the government instead of waiting to participate in a new licensing round.
Equatorial Guinea’s new oil licensing round means an “open house,” according to Domingo Mba Esono, the nation’s presidential adviser on mines and hydrocarbons.
The nation offers “attractive terms” for the onshore and offshore licenses, he said today in London.
Investors can submit offers for blocks and don’t have to wait for a new licensing round, Esono said. “There is no fixed period,” he said.
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