AGP Executive Report
Last update: 10 hours agoOffshore Drilling: Transocean’s Deepwater Conqueror is due to move to the US Gulf after completing its Equatorial Guinea assignment, then start a five-well campaign worth about $225 million in the third quarter of 2027. Oil Investment: African Petroleum Producers Organization chief Farid Ghezali is urging stronger national oil companies and firmer commitments from international partners, as exploration deals spread across the continent. EG-08 Exploration: Equatorial Guinea extended the first exploration period for offshore block EG-08 by a year, to October 2027, giving operator Antler Global more time to secure a farm-out and prepare the Barracuda-1 well; state oil company GEPetrol retains a 20% stake. Economic Outlook: A study says Equatorial Guinea faced limited trade disruption after graduating from least-developed-country status, thanks to hydrocarbon exports, but warns that reliance on natural resources remains a barrier to diversification.
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