Gulf of Guinea's fortunes

Considering the long productive life of the Gulf of Guinea off West Africa, the area still seems primed for many more years of exploration and exploitation.Its oil production is at high levels, only a few projects have tapped its gas bounty, and its geology still is attracting new players.An article in OGJ's Gulf of Guinea Geology Report, starting on p. 30, describes the Golden Rectangle. More than 5 billion bbl of recoverable oil has been found in this area—off Nigeria, Equatorial Guinea, and Cameroon—which is producing more than 1 million b/d. Author Joe Bruso, president of Sovereign Oil & Gas Co., Houston, said largely undrilled petroleum plays still exist in the Middle...

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