The US-based oil company will promote exploration opportunities in Equatorial Guinea alongside the government at global roadshow events. PanAtlantic entered Equatorial Guinea’s Block K in 2010 and is now exploring a total of three license areas in the country as operator. .
Malabo, August 25, 2016 — American independent PanAtlantic Exploration will join the EG Ronda global roadshow to assist the Government of Equatorial Guinea in the promotion of the exploration acreage on offer. Members of the PanAtlantic management team will be in attendance at upcoming events lending their considerable expertise on exploring Equatorial Guinea’s offshore licenses. PanAtlantic brings extensive geotechnical and operational knowledge of Equatorial Guinea’s hydrocarbon basins and will provide a valuable perspective on the production sharing contract regime and investment landscape.
“President and COO Mr. H. Daniel Hogan states that: “The Equatorial Guinea Ronda 2016 provides a unique entry opportunity into an underexplored yet highly prospective portion of the Transform Margin, where multiple large oil and gas fields are already in production. PanAtlantic is honored to assist in presenting this opportunity to the oil and gas industry and our focus will be to highlight the key aspects of the petroleum system which will certainly drive future exploration success.””
Houston-based PanAtlantic is operating more than 9,200 square kilometers in the highly prospective Transform Margin of West Africa. It holds three exploration licenses in Equatorial Guinea – Block W, Block K Corisco Deep and Block 02.
“We are delighted that PanAtlantic will be joining us for this historic licensing round,” said H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea. “Their first-class industry and technical knowledge will be an enormous assets in communicating the advantages of investing in Equatorial Guinea and the exciting exploration opportunities that are still available.””
EG Ronda 2016 launched on June 6, 2016 at the Africa Oil & Power conference and will conclude on November 30, 2016. The MMH invites bids on all open acreage outside of blocks under direct negotiation.
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