The World Bank in Equatorial Guinea
After seven consecutive years of recession, the Equatoguinean economy is estimated to have rebounded with 2.9% growth in 2022 (from -2.8% in 2021), mainly owing to a pickup in hydrocarbon output. Inflation in Equatorial Guinea is estimated to
Guinea - Oil and Gas - International Trade Administration
The extent of Guinea potential oil and gas reserves remains unknown, but promising. A U.S.-owned firm conducted oil exploration studies off Guinea coast. In February 2012, their first exploratory well uncovered oil of a non-commercial quality. In September 2017, their second exploratory offshore drilling reportedly did not find
Energy in Guinea
Three primary energy sources make up the energy mix in Guinea: fossil biomass, oil and hydropower. Biomass (firewood and charcoal) makes the largest contribution in primary energy consumption. It is locally produced, while Guinea imports all the petroleum products it needs. The potential for hydroelectric power generation is high, but largely untapped. Electricity is not available to a high percentage of Guineans, especially in rural areas, and service is intermittent, even in the capita
Energy in Guinea
The estimated 2012 national consumption was 903 million kWh. [2] Consumption per individual was less than the equivalent of half a ton of petroleum, broken down into 80% from biomass, 18% from hydrocarbons and 2% from electricity. [3] At the national level, 34% of the population have access to electricity.
Well Oiled: Oil and Human Rights in Equatorial Guinea
Equatorial Guinea’s oil petroleum law 1/2001 introduced a sliding-scale royalty rate for oil production of between 12 and 18 percent, up from previous royalty
Equatorial Guinea Overview: Development news, research, data | World Bank
After seven consecutive years of recession, the Equatoguinean economy is estimated to have rebounded with 2.9% growth in 2022 (from -2.8% in 2021), mainly owing to a pickup in hydrocarbon output. Inflation in Equatorial Guinea is estimated to have surged to 4.9% in 2022 (compared to 1.8% in 2021) due to higher global food and energy prices
Energy Crude oil production OECD Data
Energy. Crude oil production is defined as the quantities of oil extracted from the ground after the removal of inert matter or impurities. It includes crude oil, natural gas liquids
Influence of wellhead pressure and water cut in the optimization of oil
The decrease in the oil production rate is associated with the increase in flowing BHP due to the presence of higher density water in the tubing. An increase in the gas injection rate from 1 Mmscf/day to 8 Mmscf/day shall cause in an escalation in the oil rate by 29.21%, 40.48% and 56.56% for 15%, 30%, and 45% water cut conditions, respectively.
Oil and Politics in the Gulf of Guinea Foreign Affairs
March/April 2008 Published on March 2, 2008. The eight oil states in West Africa around the Gulf of Guinea together produce some five million barrels of oil a day
Exxon Mobil aiming to end oil production in Equatorial Guinea - report
Exxon Mobil (XOM) will wind down oil production in Equatorial Guinea and leave the country after its license expires in 2026, Reuters reported Monday. An exit would reflect a wider move...
