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Equatorial Guinea, ConocoPhillips Sign Heads of Agreement (HOA) for Offshore Blocks, Unlocking $9B Investment Opportunity...
29 Sep, 2025 09:15
632 min read
Equatorial Guinea has signed a major agreement with ConocoPhillips to develop two natural gas blocks, a deal set to unlock up to $9 billion in investment. The project aims to tap into an estimated 3.5 trillion cubic feet of gas to bolster the country's production and support its strategy of becoming a regional gas processing hub. This development is a key step for the country's Gas Mega Hub initiative and will supply feedstock to the Punta Europa LNG facility. The agreement is expected to lead to over 20 years of production, helping to restore the country's output to pre-2014 levels....
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