Equatorial Guinea is the ninth-largest producer of crude oil in Africa, after Ghana in 2018. Foreign investment, primarily by U.S. companies, have poured into the country's oil sector in recent years. The Zafiro field is Equatorial Guinea's largest oil producer, with output rising from 7,000 bbl/d in 1996 to approximately 280,000 bbl/d by 2004. Ceiba, Equatorial Guinea's second major producing oil field is estimated to contain 300 million barrels of oil. Reserves at Alba (Equatorial Guinea's third significant field) are estimated at almost 1 billion boe. Natural gas reserves are located offshore, near Bioko Island, in the Alba and Zafiro fields. Natural gas and condensate production expanded rapidly in the 5-years following investments in the Alba gas field. The field contains 1.3 trillion cubic feet (Tcf) of proven reserves, with probable reserves estimated 4.4 Tcf.

AFREC 2020 energy balance shows that the total primary energy supply was 2,286 ktoe. Biomass: With an estimated biomass potential of 400 tonnes/ha or more, Equatorial Guinea has extensive biomass coverage. Potential for bioenergy in conjunction with carbon capture and storage has been recognized.

Key Figures

1,36 M
Population (2019)
8,13 kus$
GDP/capita (2019)
17,47 GJ/capita
Energy Consumption/Pop. (2018)
0,55 Mtoe
Total Primary Energy Supply (2018)
0,34 Mtoe
Total Final Consumption (2018)
12,52 Mus$ 2010
GDP (2019)

Source

AFREC