Following a competitive bidding process in Equatorial Guinea’s 2019 licensing round , Waltersmith Petroman Oil Limited, Nigeria’s leading integrated energy company, was recently awarded Block EG-23 in Equatorial Guinea’s Niger Delta basin.
Chief Executive Officer, Waltersmith Petroman Limited, Mr. Chikezie Nwosu, said in a statement issued at the weekend that after the evaluation of the different packages of offers received from interested companies, Block EG-23 which hosts the Estaurolita gas discovery was granted to WalterSmith-Hawtai Energy- GEPetrol SA.
Speaking at the award ceremony, the Minister of mines and hydrocarbon, Gabriel Obiang stated that the EG-23 Block was a very strategic block for the Equatorial Guinea in view of the recently signed MoU for its LNG train, as the gas reserves from the block would be needed for LNG gas supply and expressed confidence in the competence and experience of Waltersmith to deliver on the development of hydrocarbons.