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Equatorial Guinea, ConocoPhillips Sign Heads of Agreement (HOA) for Offshore Blocks, Unlocking $9B Investment Opportunity
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Equatorial Guinea, ConocoPhillips Sign $9B Gas Deal
Equatorial Guinea has taken a major step toward bolstering its natural gas sector and reinforcing its position as a regional processing hub, after signing a landmark Heads of Agreement (HOA) with energy giant ConocoPhillips. The deal, covering Blocks B/4 and EG-27, could unlock investments worth up to $9 billion and deliver more than two decades of production. The agreement was signed between ConocoPhillips, the Ministry of Hydrocarbons and M…
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