Overview:

Summary
 
 This profile is the essential source for top-level energy industry data and information. The report provides an overview of the oil industry in Equatorial Guinea. It details the market structure, regulatory environment, infrastructure and provides historical and forecasted statistics relating to the supply/demand balance for the industry. It also provides information relating to the oil assets (oil fields, refineries, pipelines and storage terminals) in Equatorial Guinea. The report also analyses the fiscal regime relevant to the oil assets in Equatorial Guinea and compares the investment environment in Equatorial Guinea with other countries in the region. The profiles of the major companies operating in the oil sector in Equatorial Guinea together with the latest news and deals are also included in the report.
 
 Scope
 
 - Historic and forecast data relating to production, consumption, imports, exports and reserves are provided for the oil industry for the period 1995-2020.
 - Historical and forecast data and information for all the major oil fields, refineries, pipelines and storage terminals in Equatorial Guinea Oil Markets Investment Opportunities, Market Analysis and Forecasts to 2020 for the period 1995-2020.
 - Operator and equity details for major oil assets in Equatorial Guinea Oil Markets Investment Opportunities, Market Analysis and Forecasts to 2020
 - Key information relating to market regulations, key energy assets and the key companies operating in the Equatorial Guinea Oil Markets Investment Opportunities, Market Analysis and Forecasts to 2020’s oil industry.
 - Detailed information on key fiscal terms (such as rents, bonuses, royalty, cost recovery, profit oil, petroleum and corporate taxes) pertaining the geography is also provided. A sample calculation detailing how fiscal terms apply to a typical asset in the regime is included.
 - Information on the top companies in the Equatorial Guinea Oil Markets Investment Opportunities, Market Analysis and Forecasts to 2020 including business description, strategic analysis, and financial information.
 - Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.
 - Key mergers and acquisitions, partnerships, private equity and venture capital investments, and IPOs.
 
 Reasons to buy
 
 - Gain a strong understanding of the country’s energy market.
 - Facilitate market analysis and forecasting of future industry trends.
 - Evaluate the attractiveness of the geography for oil investment in the light of government policies and the fiscal environment.
 - Facilitate decision making on the basis of strong historic and forecast production, reserves and capacity data.
 - Understand the geography’s policies and fiscal terms, and their impact on contractor’s profits from upstream oil assets.
 - Assess your competitor’s major crude oil assets and their performance.
 - Analyze the latest news and financial deals in the oil sector of each country.
 - Develop strategies based on the latest operational, financial, and regulatory events.
 - Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the market.
 - Identify and analyze the strengths and weaknesses of the leading companies in the country.

 1 Table of Contents 2
 1.1 List of Tables 7
 1.2 List of Figures 9
 2 Equatorial Guinea, Energy Sector 10
 2.1 Equatorial Guinea Energy Sector, Market Overview 10
 2.2 Equatorial Guinea Energy Sector, Crude Oil 10
 2.2.1 Equatorial Guinea Crude Oil, Overview 10
 2.2.2 Equatorial Guinea Crude Oil, Supply and Demand Balance 10
 2.2.3 Equatorial Guinea Crude Oil, Regulatory Structure 16
 2.2.4 Equatorial Guinea Crude Oil, Infrastructure 17
 3 Equatorial Guinea Fiscal Regime 18
 3.1 Equatorial Guinea Petroleum Fiscal Environment 18
 3.2 License Terms 19
 3.3 Key Fiscal Terms 20
 3.4 Sample Cashflow Calculation 23
 4 Equatorial Guinea Oil Upstream Investment Environment Benchmarking 24
 4.1 Introduction 24
 4.2 The Overall Ranking 24
 4.3 Upstream Fiscal Attractiveness 25
 4.3.1 Maximum Government Take Index 26
 4.3.2 Fiscal Flexibility 26
 4.3.3 Maximum State Participation 27
 4.3.4 Maximum Domestic Market Obligation 27
 4.4 Oil Sector Performance 27
 4.4.1 Exploration Activity 29
 4.4.2 Oil Production 30
 4.4.3 Oil Reserves 30
 4.4.4 Oil Consumption 31
 4.4.5 Refining Industry 31
 4.5 Economic Performance 31
 4.5.1 GDP Growth Index 33
 4.5.2 FDI Confidence Index 33
 4.5.3 Balance of Trade Index 33
 4.6 Socio-Political Performance 33
 4.6.1 Governance Index 35
 5 Equatorial Guinea Exploration and Production Sector 36
 5.1 Equatorial Guinea Exploration and Production Sector, Country Snapshot 36
 5.1.1 Equatorial Guinea Exploration and Production Sector, Key Data 36
 5.1.2 Equatorial Guinea Exploration and Production Sector, Crude Oil Assets Map 36
 5.2 Equatorial Guinea Exploration and Production Sector, Gross Crude Oil Production 37
 5.2.1 Equatorial Guinea Exploration and Production Sector, Gross Crude Oil-Historical Production 37
 5.2.2 Equatorial Guinea Exploration and Production Sector, Gross Crude Oil Production by Assets 38
 5.2.3 Equatorial Guinea Exploration and Production Sector, Gross Equity Weighted Crude Oil Production by Company 38
 5.2.4 Equatorial Exploration and Production Oil Sector, Market Share (%) based on Gross Equity Weighted Crude Oil Production 39
 5.3 Equatorial Guinea Exploration and Production Sector, Gross Crude Oil Forecasts 40
 5.3.1 Equatorial Guinea Exploration and Production Sector, Gross Crude Oil Forecasted Production 40
 5.4 Equatorial Guinea Exploration And Production Sector, Crude Oil Asset Details 41
 6 Profile of Exxon Mobil Corporation 42
 6.1 Exxon Mobil Corporation, Key Information 42
 6.2 Exxon Mobil Corporation, Company Overview 42
 6.3 Exxon Mobil Corporation, Business Description 42
 6.3.1 Exxon Mobil Corporation, Business Description, Overview 42
 6.3.2 Exxon Mobil Corporation, Business Description, Chemical 42
 6.3.3 Exxon Mobil Corporation, Business Description, Downstream 44
 6.3.4 Exxon Mobil Corporation, Business Description, Upstream 46
 6.4 Exxon Mobil Corporation, Value Chain Analysis 48
 6.4.1 Exxon Mobil Corporation, Value Chain Analysis, Upstream 48
 6.4.2 Exxon Mobil Corporation, Value Chain Analysis, Midstream 49
 6.4.3 Exxon Mobil Corporation, Value Chain Analysis, Downstream 50
 6.4.4 Exxon Mobil Corporation, Value Chain Analysis, Retail 50
 6.5 Exxon Mobil Corporation, SWOT Analysis 50
 6.5.1 Exxon Mobil Corporation, SWOT Analysis, Overview 50
 6.5.2 Exxon Mobil Corporation, SWOT Analysis, Strengths 51
 6.5.3 Exxon Mobil Corporation, SWOT Analysis, Weaknesses 54
 6.5.4 Exxon Mobil Corporation, SWOT Analysis, Opportunities 55
 6.5.5 Exxon Mobil Corporation, SWOT Analysis, Threats 56
 6.6 Exxon Mobil Corporation, Revenue Analysis 58
 6.6.1 Exxon Mobil Corporation, Revenue by Segment 58
 6.6.2 Exxon Mobil Corporation, Revenue by Geography 59
 6.7 Exxon Mobil Corporation, Financial and Operational Review 60
 6.7.1 Financial Statements 60
 6.7.2 Financial Ratios 61
 7 Profile of Devon Energy Corporation 62
 7.1 Devon Energy Corporation, Key Information 62
 7.2 Devon Energy Corporation, Company Overview 62
 7.3 Devon Energy Corporation, Business Description 62
 7.3.1 Devon Energy Corporation, Business Description, Business Overview 62
 7.3.2 Devon Energy Corporation, Business Description, Exploration and Production 63
 7.3.3 Devon Energy Corporation, Business Description, Marketing and Midstream 64
 7.3.4 Devon Energy Corporation, Business Description, Major Products and Services 66
 7.4 Devon Energy Corporation, Value Chain Analysis 66
 7.4.1 Devon Energy Corporation, Value Chain Analysis, Upstream 67
 7.4.2 Devon Energy Corporation, Value Chain Analysis, Midstream 68
 7.5 Devon Energy Corporation, SWOT Analysis 68
 7.5.1 Devon Energy Corporation, SWOT Analysis, Overview 68
 7.5.2 Devon Energy Corporation, SWOT Analysis, Strengths 69
 7.5.3 Devon Energy Corporation, SWOT Analysis, Weaknesses 70
 7.5.4 Devon Energy Corporation, SWOT Analysis, Opportunities 71
 7.5.5 Devon Energy Corporation, SWOT Analysis, Threats 71
 7.6 Devon Energy Corporation, Revenue Analysis 72
 7.6.1 Devon Energy Corporation, Revenue by Segment 72
 7.7 Devon Energy Corporation, Revenue by Geography 73
 7.8 Devon Energy Corporation, Financial and Operational Review 74
 7.8.1 Financial Statements 74
 7.8.2 Financial Ratios 75
 8 Profile of Marathon Oil Corporation 76
 8.1 Marathon Oil Corporation, Key Information 76
 8.2 Marathon Oil Corporation, Company Overview 76
 8.3 Marathon Oil Corporation, Business Description 76
 8.3.1 Marathon Oil Corporation, Business Description, Business Overview 76
 8.3.2 Marathon Oil Corporation, Business Description, Exploration and Production 77
 8.3.3 Marathon Oil Corporation, Business Description, Integrated Gas 78
 8.3.4 Marathon Oil Corporation, Business Description, Oil Sands Mining 79
 8.3.5 Marathon Oil Corporation, Business Description, Refining, Marketing and Transportation 80
 8.3.6 Marathon Oil Corporation, Business Description, Major Products and Services 81
 8.4 Marathon Oil Corporation, Value Chain Analysis 82
 8.4.1 Marathon Oil Corporation, Value Chain Analysis, Upstream 82
 8.4.2 Marathon Oil Corporation, Value Chain Analysis, Midstream 83
 8.4.3 Marathon Oil Corporation, Value Chain Analysis, Downstream 84
 8.4.4 Marathon Oil Corporation, Value Chain Analysis, Retail 84
 8.5 Marathon Oil Corporation, SWOT Analysis 85
 8.5.1 Marathon Oil Corporation, SWOT Analysis, Overview 85
 8.5.2 Marathon Oil Corporation, SWOT Analysis, Strengths 86
 8.5.3 Marathon Oil Corporation, SWOT Analysis, Weaknesses 87
 8.5.4 Marathon Oil Corporation, SWOT Analysis, Opportunities 88
 8.5.5 Marathon Oil Corporation, SWOT Analysis, Threats 88
 8.6 Marathon Oil Corporation, Revenue Analysis 89
 8.6.1 Marathon Oil Corporation, Revenue by Segment 89
 8.6.2 Marathon Oil Corporation, Revenue by Geography 90
 8.7 Marathon Oil Corporation, Financial and Operational Review 91
 8.7.1 Financial Statements 91
 8.7.2 Financial Ratios 92
 9 Equatorial Guinea Oil Markets, Financial Deals Landscape 93
 9.1 Detailed Deal Summary 93
 9.1.1 Asset Transactions 93
 10 Equatorial Guinea Oil Markets, Recent Developments 94
 10.1 Recent Discoveries 94
 10.1.1 Feb 13, 2009: Noble Finds Oil At Carmen In Block O, Offshore Equatorial Guinea 94
 10.1.2 Jul 15, 2008: Noble Energy Announces Discovery At Diega Prospect In Offshore Equatorial Guinea 94
 10.1.3 Jul 14, 2008: PA Resources Finds Oil In Appraisal Well I-5, Equatorial Guinea 95
 10.2 Drilling and Production Updates 96
 10.2.1 Feb 19, 2009: Marathon Oil Provides 2008 Oil And Gas Reserves 96
 10.2.2 Aug 28, 2008: Noble Energy Announces Flow Test Results From Diega Oil Discovery In Block I, Equatorial Guinea 97
 10.2.3 Jun 05, 2008: Noble Energy Announces Test Results From Benita Oil Appraisal, Equatorial Guinea 98
 10.2.4 May 14, 2008: Noble Energy Provides Equatorial Guinea Drilling Program Update 99
 10.2.5 Apr 18, 2008: PA Resources Updates On Benita Discovery 99
 10.3 Other Significant Developments 99
 10.3.1 Sep 17, 2008: Osborne Enters Into Agreement To Settle Dispute On Block H In Equatorial Guinea 99
 10.3.2 Jul 22, 2008: Navasota Updates On Koba Bauxite Project, West Africa 100
 11 Appendix 103
 11.1 Methodology 103
 11.1.1 Coverage 103
 11.1.2 Secondary Research 104
 11.1.3 Primary Research 104
 11.1.4 E&P Forecasts 105
 11.1.5 Midstream Forecasts 106
 11.1.6 Expert Panel Validation 106
 11.2 Contact Us 107
 11.3 About GlobalData 107
 11.4 Disclaimer 107
 
 1.1 List of Tables
 Table 1: Equatorial Guinea , Historical and Forecasted Production and Consumption of Crude Oil, 1996-2020 11
 Table 2: Equatorial Guinea , Historical and Forecasted Export of Crude Oil, 1996-2020 13
 Table 3: Equatorial Guinea , Historical Reserves of Crude Oil, 1996-2008 15
 Table 4: Equatorial Guinea, Crude Oil and Natural Gas, Royalty Rate, 2007 20
 Table 5: Equatorial Guinea, Crude Oil and Natural Gas, Production bonus, 2007 20
 Table 6: Equatorial Guinea, Crude Oil and Natural Gas, Profit Oil/Gas, 2007 21
 Table 7: West Africa, Investment Benchmarking, Overall Country Rankings, 2008 24
 Table 8: West Africa, Investment Benchmarking, Upstream Fiscal Attractiveness, 2008 25
 Table 9: West Africa, Investment Benchmarking, Oil Sector Performance, 2008 27
 Table 10: West Africa, Investment Benchmarking, Economic Performance, 2008 31
 Table 11: West Africa, Country Standings, Economic Performance, 2008 32
 Table 12: West Africa, Investment Benchmarking, Socio-Political Performance, 2008 34
 Table 13: West Africa, Country Standings, Socio-Political Performance, 2008 34
 Table 14: Equatorial Guinea, Crude Oil Key Statistics, 2008 36
 Table 15: Equatorial Guinea, Total Gross Crude Oil Production (MMBBLs), 2001-2008 37
 Table 16: Equatorial Guinea, Gross Crude Oil Production (MMBBLs), by Assets, 2001-2008 38
 Table 17: Equatorial Guinea, Gross Equity Weighted Crude Oil Production (MMBBLs), by Company, 2001-2008 38
 Table 18: Equatorial Guinea, Market Share (%) based on Gross Equity Weighted Crude Oil Production, 2001-2008 39
 Table 19: Equatorial Guinea, Gross Crude Oil Production (MMBBLs), Forecast by Assets, 2009-2014 40
 Table 20: Equatorial Guinea, Active Oil Field Assets Details 41
 Table 21: Exxon Mobil Corporation, Key Facts 42
 Table 22: Exxon Mobil Corporation, SWOT Analysis 51
 Table 23: Exxon Mobil Corporation, Revenue by Segment, USD Million, 2003-2007 58
 Table 24: Exxon Mobil Corporation, Revenue by Geography, USD Million, 2003-2007 59
 Table 25: Exxon Mobil Corporation, Financial Statements, USD Million, 2003-2007 60
 Table 26: Exxon Mobil Corporation, Financial Ratios, USD Million, 2003-2007 61
 Table 27: Devon Energy Corporation, Key Facts 62
 Table 28: Devon Energy Corporation, SWOT Analysis 69
 Table 29: Devon Energy Corporation, Revenue by Segment, USD Million, 2003-2007 73
 Table 30: Devon Energy Corporation, Revenue by Geography, USD Million, 2003-2007 73
 Table 31: Devon Energy Corporation, Financial Statements, USD Million, 2003-2007 74
 Table 32: Devon Energy Corporation, Financial Ratios, USD Million, 2003-2007 75
 Table 33: Marathon Oil Corporation, Key Facts 76
 Table 34: Marathon Oil Corporation, SWOT Analysis 86
 Table 35: Marathon Oil Corporation, Revenue by Segment, USD Million, 2003-2007 90
 Table 36: Marathon Oil Corporation, Revenue by Geography, USD Million, 2003-2007 90
 Table 37: Marathon Oil Corporation, Financial Statements, USD Million, 2003-2007 91
 Table 38: Marathon Oil Corporation, Financial Ratios, USD Million, 2003-2007 92
 Table 39: Devon Energy Sells Its Oil And Gas Business In Equatorial Guinea To GEPetrol 93
 
 1.2 List of Figures
 Figure 1: Equatorial Guinea, Crude Oil Production and Consumption (Thousand Barrels Per Day), 1996-2020 12
 Figure 2: Equatorial Guinea, Crude Oil Imports And Exports (Thousand Barrels Per Day), 1996-2020 14
 Figure 3: Equatorial Guinea, Crude Oil Reserves (Million Barrels), 1996-2008 16
 Figure 4: Equatorial Guinea, Upstream Oil & Gas Fiscal Regime (Royalty/Tax), Sample Cashflows, 2005-2016 23
 Figure 5: West Africa, Country Standings, Upstream Fiscal Attractiveness, 2008 26
 Figure 6: West Africa, Country Standings, Oil Sector Performance, by Reserves-Exploration & Production, 2008 28
 Figure 7: West Africa, Country Standings, Oil Sector Performance, by Production-Consumption & Refining, 2008 29
 Figure 8: West Africa, Country Standings, Exploration Blocks Awarded, 2008 30
 Figure 9: West Africa, Country Standings, Economic Performance, 2008 32
 Figure 10: West Africa, Country Standings, Socio-Political Performance, 2008 35
 Figure 11: Equatorial Guinea, Crude Oil Assets Map, 2008 36
 Figure 12: Equatorial Guinea, Total Gross Crude Oil Production (MMBBLs), 2001-2008 37
 Figure 13: Equatorial Guinea, Gross Equity Weighted Crude Oil Production (MMBBLs),by Company, 2001-2008 39
 Figure 14: Equatorial Guinea, Market Share (%) based on Gross Equity Weighted Crude Oil Production, 2008 40
 Figure 15: Exxon Mobil Corporation, Value Chain Analysis 48
 Figure 16: Devon Energy Corporation, Value Chain Analysis 66
 Figure 17: Marathon Oil Corporation, Value Chain Analysis 82
 Figure 18: GlobalData Methodology 103