Licensing Round Winners Invited to Negotiate for Equatorial Guinea PSCs

Equatorial Guinea's Ministry of Mines, Industry and Energy has reviewed the bids received for the 2006 Licensing Round which closed on July 18, 2007 and announces that the following companies have been invited to negotiate Production Sharing Contracts (PSCs) for the following blocks:

Ophir Energy Company – Block EG-1 and Block EG-3

Glencore Exploration (EG) Limited / Starc Limited – Block EG-7

AFEX Global – Block EG-9

ONGC Videsh Limited – Block EG-12 and Block EG-13

Nigeria National Petroleum Corporation / AFEX Global – Block EG-14

The award of these blocks is subject to the successful conclusion of Production Sharing Contract negotiations and the ratification of the Production Sharing Contracts by the Government of Equatorial Guinea. PSC negotiations will commence on dates to be advised to the respective companies by the National Oil Company of Equatorial Guinea, GEPetrol.

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit