Equatorial Guinea: Lukoil to develop Fortuna gas field


Issue 405 - 05 Dec 2019 | 4 minute read

The Ministry of Mines and Hydrocarbons has announced nine block awards from the country’s 2019 licensing round. Russia’s Lukoil will develop the Fortuna field on Block EG-27 (formerly Block R), while Nigeria’s WalterSmith and Hong Kong-registered Hawtai Energy won Block EG-23, which contains the Estaurolita gas discovery. EG-27 and EG-23 were offered as appraisal/development blocks while the other 24 blocks in the bid round were offered for exploration.

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