Equatorial Guinea Petroleum
Sector: Government • Location: Equatorial Guinea
Source: Multilateral Investment Guarentee Agency (MIGA)
MIGA issued its first guarantee contract in Equatorial Guinea, for the exploration, development, and production of oil and gas. MIGA's $24 million guarantee covers UMC Equatorial Guinea Corporation of the United States for its $272 million equity investment in the project. MIGA's guarantee covers the risks of expropriation and war and civil disturbance. The project involves the production of natu
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | not active |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | MIGA issued its first guarantee contract in Equatorial Guinea, for the exploration, development, and production of oil and gas. MIGA's $24 million guarantee covers UMC Equatorial Guinea Corporation of the United States for its $272 million equity investment in the project. MIGA's guarantee covers the risks of expropriation and war and civil disturbance. The project involves the production of natural gas and crude oil from a concession area off the coast of Bioko Island in the Gulf of Guinea. The 80,000 barrels of oil produced from subsea wells will connect to a floating production, storage, and offloading system. The project is one of the country's largest foreign investments and will have a profound impact on the economy. Its foreign currency earnings will generate significant additional revenues for the government. The project will also benefit the local economy by providing employment and technical training for local nationals. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |