Equatorial Guinea’s national oil company, GEPetrol, led by CEO Bienvenido Nguema Envo, has been confirmed as a speaker at African Energy Week (AEW): Invest in African Energies 2025. The event is scheduled to take place from September 29 to October 3 in Cape Town. Nguema Envo’s participation comes at a crucial time for Equatorial Guinea as the country is making significant efforts to revitalize its oil and gas industry, attract new investments, and enhance energy security across West Africa.
Under Nguema Envo’s guidance, GEPetrol is implementing a robust development strategy that includes the establishment of new production sharing contracts (PSCs), the relaunch of exploration and drilling activities, and a transformative field redevelopment program. His involvement in AEW: Invest in African Energies 2025 is expected to shed light on these initiatives and showcase the role GEPetrol is playing in shaping the future growth of Equatorial Guinea’s energy sector.
AEW: Invest in African Energies has become the premier platform for project operators, financiers, technology providers, and government officials to engage and sign deals in the African energy sector. For more information about this event, visit www.AECWeek.com.
One of the recent highlights of GEPetrol’s activities is its strategic partnership with Panoro Energy for Block EG-23, an offshore asset with substantial potential north of Bioko Island. The collaboration, which includes Panoro Energy holding an 80% participating interest and GEPetrol holding the remaining 20%, is focused on maximizing the resources of the block through exploration and development activities.
Furthermore, GEPetrol has signed PSCs with Chevron for Blocks EG-06 and EG-11, strategically located near the Zafiro field. These agreements are aimed at boosting national production levels and uncovering new reserves in deepwater areas. GEPetrol has also taken over the operatorship of the Zafiro field, the largest oil asset in Equatorial Guinea, and is implementing a multi-phase redevelopment plan to increase production and optimize operations.
“Bienvenido Nguema Envo’s participation at AEW: Invest in African Energies 2025 underscores GEPetrol’s pivotal role in Equatorial Guinea’s energy revival. With major projects underway and a focus on becoming a regional gas hub, Nguema Envo’s leadership is instrumental in attracting investments and driving production growth,” says NJ Ayuk, Executive Chairman of the African Energy Chamber.
Equatorial Guinea boasts significant energy potential with 1.1 billion barrels of proven crude oil reserves and 1.7 trillion cubic feet of natural gas. Nguema Envo’s involvement in AEW: Invest in African Energies 2025 will offer insights into GEPetrol’s forward-looking strategy, ongoing partnerships, and the country’s energy transformation.
Distributed by APO Group on behalf of African Energy Chamber.
