09.04.2015
On 8 April, the Ministry of Mines, Industry and Energy of Equatorial Guinea announced a new hydrocarbons discovery made by the Marathon Oil Corporation in Blocks A-12 and sub-area B. This was found through drilling tests undertaken in the Sodalita Oeste and Rodo wells in 2014.
The Ministry of Mines considers these discoveries to be very important for the oil sector in Equatorial Guinea, thus helping to attenuate the recent decrease in crude production in the country. At the recent Conference of Diplomats in Malabo, Minister of Mines, Gabriel Mbega Obiang Lima, stated that the production and economic expectations of the country remain positive. This success demonstrates a continuing interest in the oil industry in Equatorial Guinea, despite a downturn in the global market.
Read more here: http://www.guineaecuatorialpress.com/noticia.php?id=6421