EQUATORIAL GUINEA OFFERS OFFSHORE TRACTS FOR LICENSE

Equatorial Guinea is offering offshore acreage for license, including a 300 sq km tract holding Alba gas/condensate field, The field, with estimated reserves of 1.3 tcf of gas and 68 million bbl of condensate, is a 1984 discovery by Repsol SA of Spain, which recently relinquished the area after failing to find a gas market. Alba lies close to the border with Nigeria and Cameroon and is 22 miles north of Bioco Island. Applicants have until mid-June to submit proposals for the Alba acreage to

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