European independents strike amid renewed interest in Equatorial Guinea oil and gas exploration

One offshore exploration block is expected to be gas rich, while the other two have significant oil potential

Deals signed: Equatorial Guinea President Teodoro Obiang Nguema (centre) arrives at the African Union headquarters in Addis Ababa, Ethiopia on 18 February.
Deals signed: Equatorial Guinea President Teodoro Obiang Nguema (centre) arrives at the African Union headquarters in Addis Ababa, Ethiopia on 18 February.Photo: AFP/SCANPIX
Published 20 February 2023, 12:13Updated 22 February 2023, 14:31