A U.S.-owned firm conducted oil exploration studies off Guinea’s coast. In February 2012, their first exploratory well uncovered oil of a non-commercial quality. In September 2017, their second exploratory offshore drilling reportedly did not find commercially exploitable quantities of oil.
Which company manages the oil resources in Equatorial Guinea?
GEPetrol, the parent company of GEPoil & Petroleum manages the set of oil resources in Equatorial Guinea, aiming at fulfilling the Millennium Goals as approved by the United Nations, as we, GEPoil & Petroleum, focuses on the Oil Servicing and Exploration section.
Who is Raj oil mills?
For the love of eating! The crown-jewel of Raj Oil Mills Ltd., Guinea has ruled the hearts for over 40 years. It has been a brand synonymous with the highest quality and authentic flavour. The wide range of filtered and refined oils available under Guinea caters to varied cooking styles and lifestyles.
Does Guinea have oil & gas reserves?
The extent of Guinea’s potential oil and gas reserves remains unknown, but promising. A U.S.-owned firm conducted oil exploration studies off Guinea’s coast. In February 2012, their first exploratory well uncovered oil of a non-commercial quality.