Equatorial Guinea's offshore attracts more operators as Gulf of Guinea action intensifies

Click here to enlarge imageExploration is intensifying in the Rio Muni basin off Equatorial Guinea, West Africa.Chevron Corp., Vanco Energy Co., Houston, and Atlas Petroleum International Ltd., Lagos, have signed agreements in recent weeks.One marine tract near shore along the border with Gabon remained under negotiation in mid-May. Other awards are expected to be negotiated one by one until most or all of the acreage is under agreement.Equatorial Guinea's most recent award was that of Block L to Chevron. The 1,640-sq-mile block extends from 30-110 km off the Bata coast. Water is 200-2,000 m deep.Under the 5 year production-sharing contract Chevron will open an office in the country...

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