Headquarteres of Gepetrol in Malabo Dos. Gepetrol is the national oil company of Equaturial Guinea.

GEPetrol is the national oil company of Equatorial Guinea. The company was founded in 2002 after the writing of a presidential decree. The company reports to the Ministry of Mines, Industry and Energy. GEPetrol's director is Antonio Oburu Ondo.[1] The company maintains its office in Malabo.

In October 2017, Kosmos Energy signed three production-sharing contracts with Equatorial Guinea for the EG-21, S, and W offshore blocks.[2][3] Under the contract, Kosmos will hold an 80% stake in each block, while a national GEPetrol will hold the remaining stake.[2][4]

In September 2018, two former oil executives from SBM Offshore were sentenced to prison and fined for involvement in an international bribery scheme involving officials from GEPetrol and a number of other state-owned oil companies.[5]

See also

References

  1. ↑ "Equatorial Guinea's energy ministry and GEPetrol make key changes". Oil & Gas Financial Journal. 29 June 2015. Retrieved 11 November 2017.
  2. 1 2 Roelf, Wendell (23 October 2017). "Equatorial Guinea signs contract with Kosmos Energy for offshore blocks". Reuters. Retrieved 7 November 2017.
  3. ↑ "Kosmos Energy picks up assets in Equatorial Guinea as Hess exits". World Oil. 23 October 2017. Retrieved 7 November 2017.
  4. ↑ Kool, Tom (24 October 2017). "Oil prices rise ahead of inventory data". OilPrice.com. Retrieved 7 November 2017.
  5. ↑ "Oil Services CEO and Executive Sentenced to Prison for Roles in Foreign Bribery Scheme". www.justice.gov. 2018-09-28. Retrieved 2019-12-01.


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