GEPetrol Chief Executive Officer (CEO) to Speak at Invest in African Energy (IAE) 2025 as Equatorial Guinea Advances Oil Production Revitalization
Bienvenido Nguema Envo, CEO of Equatorial Guinea's national oil company (NOC) GEPetrol, is confirmed as a speaker at the Invest in African Energy 2025 Forum in Paris. Nguema Envo will offer insights into Equatorial Guinea's strategic initiatives aimed at revitalizing the country's oil production and expanding its energy sector.
GEPetrol is advancing several key exploration and development initiatives, with a focus on offshore fields and attracting new investments through recently signed PSCs. In November, GEPetrol partnered with Panoro Energy to sign a PSC for Block EG-23, marking Panoro's second operated asset in the country. Previously operated by Marathon Oil, the block has seen 19 wells drilled and is estimated to contain 104 million barrels of oil and condensate, along with 215 billion cubic feet of gas. During the initial three-year term, the partners will concentrate on subsurface studies to assess the block's prospectivity, with the option to extend for an additional two years to drill an exploration well.
IAE 2025 (www.Invest-Africa-Energy.com) is an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 13-14, 2025 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. For more information, please visit www.Invest-Africa-Energy.com. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.
The NOC is focused on boosting production capacity through the development of key assets, including the Zafiro field and Ceiba and Okume Complez. The Zafiro field, Equatorial Guinea's largest, is at the heart of revitalization efforts following GEPetrol's takeover of operatorship from ExxonMobil in June 2024. That same month, GEPetrol signed two PSCs with Chevron for offshore Blocks EG-06 and EG-11. Located near the producing Block B, these highly prospective assets are expected to reinvigorate the country's exploration and production activities. The agreements include comprehensive development plans that outline minimum investments, exploration programs, sustainability initiatives and state benefits, representing a strategic move to counter the recent decline in oil output caused by aging fields and underinvestment in untapped resources.
As these initiatives progress, GEPetrol aims to solidify Equatorial Guinea's position as one of Africa's leading oil producers while driving output growth. The company's focus on enhancing operational efficiency, leveraging advanced technologies and attracting new investment will be crucial in unlocking the full potential of the country's hydrocarbon resources.
Distributed by APO Group on behalf of Energy Capital&Power.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Arabian Post
11 hours ago
- Arabian Post
Drunk Elephant's Moisturiser Gains Popularity in UAE Amidst Recall Concerns
Drunk Elephant's Lala Retro Whipped Cream has become a sought-after skincare product in the UAE, particularly among consumers seeking effective hydration solutions. The cream's formulation, featuring a triple-ceramide blend and a mix of African oils, has garnered attention for its ability to provide long-lasting moisture and support the skin's barrier function. The product's appeal lies in its clean and cruelty-free formulation, free from fragrances and essential oils, making it suitable for sensitive skin types. Its airy, non-greasy texture allows for easy absorption, catering to the needs of individuals in the UAE's arid climate. However, the brand faced challenges when it voluntarily recalled certain batches of the Lala Retro Whipped Cream due to an ingredient mix-up during production. The recall was initiated after it was discovered that some products contained a surfactant not listed on the ingredient label, potentially leading to adverse skin reactions in sensitive individuals. Drunk Elephant promptly addressed the issue, offering full refunds or product exchanges to affected customers and emphasizing its commitment to product quality and customer satisfaction. Despite the recall, the product's popularity in the UAE remains strong, with consumers continuing to purchase it from various retailers, including Dubai Duty Free, Sephora, and online platforms like and The brand's transparency in handling the recall and its proactive measures to rectify the situation have helped maintain consumer trust.
Gulf Today
15 hours ago
- Gulf Today
Sharjah Airport welcomes first Ethiopian Airlines flight
As part of a significant expansion of its route network into Africa, Sharjah Airport has officially welcomed the first direct flight operated by Ethiopian Airlines on 2nd June 2025, marking a new chapter in the airport's growing global connectivity. This step reflects Sharjah's rising status on the regional and international aviation map, as more global airlines choose the airport as a strategic operational hub linking the Middle East with the African continent. The inaugural flight was welcomed in a reception attended by senior officials and representatives from both sides. Ethiopian Airlines now operates four weekly flights between Addis Ababa Bole International Airport and Sharjah Airport on Tuesdays, Wednesdays, Fridays, and Sundays, with return flights departing Sharjah on Mondays, Wednesdays, Thursdays, and Saturdays, bound for Addis Ababa. A Strategic Route Strengthening Trade and Investment Connectivity with Africa Ali Salim Al Midfa, Chairman of Sharjah Airport Authority (SAA), emphasised that this strategic partnership with the national carrier of Ethiopia falls in line with the airport's ongoing efforts to expand its destination network and connect Sharjah with key emerging markets. He noted that this aligns with the growing demand for regional and international travel, fueled by the airport's ambitious expansion strategy and development projects aimed at increasing total passenger capacity to 25 million annually by the end of 2027. He added, 'This new route with Ethiopian Airlines represents a qualitative step in reinforcing the airport's role as a vital air bridge that supports trade and investment flows between the UAE and African nations. We remain committed to delivering the highest standards of quality, efficiency, and service diversity, through the adoption of smart technologies and advanced digital systems. This enhances operational performance and sustainability, while ensuring a seamless, safe, and integrated travel experience—further strengthening Sharjah Airport's position as a distinguished regional hub.' Mesfin Tasew, Group CEO of Ethiopian Airlines, stated, 'We are truly delighted to connect our passengers to an additional getaway in the UAE with our new flights to Sharjah. We have been connecting the UAE and Africa for nearly five decades now and the new service will help boost the investment, tourism, diplomatic and socioeconomic bonds between the two regions.' Sharjah Airport Authority continues to enhance its offering to attract global airlines by providing a comprehensive service ecosystem tailored to meet the evolving needs and goals of aviation partners. These services align with best global practices in the aviation industry and reflect the latest airport technologies and systems. Ethiopian Airlines—recognised as one of the leading carriers in Africa—operates flights to 142 international destinations for both passengers and cargo, and is known for its high operational efficiency and compliance with the highest global safety and quality standards. WAM
Sharjah 24
a day ago
- Sharjah 24
Sharjah Airport welcomes first Ethiopian Airlines Flight
The inaugural flight was welcomed in a reception attended by senior officials and representatives from both sides. Ethiopian Airlines now operates four weekly flights between Addis Ababa Bole International Airport and Sharjah Airport on Tuesdays, Wednesdays, Fridays, and Sundays, with return flights departing Sharjah on Mondays, Wednesdays, Thursdays, and Saturdays, bound for Addis Ababa. A Strategic Route Strengthening Trade and Investment Connectivity with Africa Ali Salim Al Midfa, Chairman of Sharjah Airport Authority (SAA), emphasised that this strategic partnership with the national carrier of Ethiopia falls in line with the airport's ongoing efforts to expand its destination network and connect Sharjah with key emerging markets. He noted that this aligns with the growing demand for regional and international travel, fueled by the airport's ambitious expansion strategy and development projects aimed at increasing total passenger capacity to 25 million annually by the end of 2027. He added: 'This new route with Ethiopian Airlines represents a qualitative step in reinforcing the airport's role as a vital air bridge that supports trade and investment flows between the UAE and African nations. We remain committed to delivering the highest standards of quality, efficiency, and service diversity, through the adoption of smart technologies and advanced digital systems. This enhances operational performance and sustainability, while ensuring a seamless, safe, and integrated travel experience—further strengthening Sharjah Airport's position as a distinguished regional hub.' Boost investment, tourism, diplomatic and socioeconomic Mr Mesfin Tasew, Group CEO of Ethiopian Airlines, stated: 'We are truly delighted to connect our passengers to an additional getaway in the UAE with our new flights to Sharjah. We have been connecting the UAE and Africa for nearly five decades now and the new service will help boost the investment, tourism, diplomatic and socioeconomic bonds between the two regions.' An Integrated Service Ecosystem Supporting Airline and Partner Goals Sharjah Airport Authority continues to enhance its offering to attract global airlines by providing a comprehensive service ecosystem tailored to meet the evolving needs and goals of aviation partners. These services align with best global practices in the aviation industry and reflect the latest airport technologies and systems. Ethiopian Airlines—recognized as one of the leading carriers in Africa—operates flights to 142 international destinations for both passengers and cargo, and is known for its high operational efficiency and compliance with the highest global safety and quality standards.
