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Survey of Energy Resources 2007

Crude Oil and Natural Gas Liquids Country Notes

Equatorial Guinea

Proved recoverable reserves (crude oil and NGLs, million tonnes)

245

Production (crude oil and NGLs, million tonnes, 2005)

17.6

R/P ratio (years)

13.9

Year of first commercial production

1992


The Alba offshore condensate field was discovered in 1984 near the island of Bioko, a province of Equatorial Guinea, by the American company Walter International. In 1996, four years after Alba was brought into production, Mobil and its US partner United Meridian began producing from Zafiro, another offshore field. Output built up rapidly in subsequent years: crude oil production in Equatorial Guinea averaged some 355 000 b/d in 2005.

For the purposes of the present Survey, the level of proved reserves published by World Oil (1 805 million barrels) has been adopted; Oil & Gas Journal has increased its assessment from 12 million barrels at end-2005 to 1 100 million at end-2006.