AfrOil: Equatorial Guinea awards $350mn five-year contract to Petrofac

Petrofac has been awarded a $350mn technical services contract by Equatorial Guinea's state oil company to support its operations in offshore Block B when it takes over the asset from ExxonMobil (US) in June 2024.

Under the five-year contract, the London-listed oilfield services provider will deliver technical services across onshore support bases, a floating production storage and offloading (FPSO) unit, and an offshore platform.

Petrofac will carry out the work on behalf of Compañía Nacional de Petróleos de Guinea Ecuatorial (GEPetrol), the country’s national oil company (NOC) – which serves as Block B’s operator – centred on the Zafiro oil, gas and condensate field.

“Our vision is to create a fully capable nationally-operated oil and gas company to manage our assets. Today, I am proud that our vision is becoming a reality,” stated Antonio Oburu Ondo, Equatorial Guinea’s Minister of Mines and Hydrocarbons.

If you would like to read more about the key events shaping the African oil and gas sector, then please click here for NewsBase's AfrOil Monitor.