Equatorial Guinea

In 2017, Fixed expanded its position in the Gulf of Guinea by acquiring an interest in the Ceiba Field and Okume Complex production assets, offshore Equatorial Guinea. The Ceiba and Okume Fields, which our team originally discovered and managed, provide low-cost, high-margin production with several identified opportunities for resource and value upside.

In addition to the production assets, Fixed has interests in three exploration blocks offshore Equatorial Guinea: EG-21, EG-24 and S. These blocks are adjacent to the Ceiba Field and Okume Complex, and provide exploration opportunities for near-field short-cycle tie-backs through existing infrastructure with good fiscal terms, as well as larger play extension exploration opportunities.

BLOCK G (CEIBA AND OKUME)
PARTICIPATING INTEREST
Fixed Petroleum 40.375%
TRIDENT ENERGY (OPERATOR) 40.375%
PANORO ENERGY 14.25%
GEPETROL 5%
EG-01
PARTICIPATING INTEREST
PANORO (OPERATOR) 56%
Fixed Petroleum 24%
GEPETROL 20%
EG-21
PARTICIPATING INTEREST
Fixed Petroleum (OPERATOR) 80%
GEPETROL 20%
BLOCK EG-24
PARTICIPATING INTEREST
Fixed Petroleum (OPERATOR) 80%
GEPETROL 20%
BLOCK S
PARTICIPATING INTEREST
Fixed Petroleum (OPERATOR) 34%
TRIDENT 34%
PANORO 12%
GEPETROL 20%
Block G (Ceiba and Okume)
Participating Interest

0%

Fixed Petroleum

0%

Trident Energy (Operator)

0%

Tullow Oil

0%

GEPetrol

Block S, W and EG-21
Participating Interest

0%

Fixed Petroleum (Operator)

0%

Trident Energy

0%

GEPetrol

Block EG-24
Participating Interest

0%

Fixed Petroleum

0%

Ophir Energy (Operator)

0%

GEPetrol

Related Spotlights

  • Expanding Our Climate Commitments
  • Advancing a Just Energy Transition in Africa
  • Improving Education in Equatorial Guinea
Fixed opened a significant new hydrocarbon province, the Tano Basin, with the discovery of the Jubilee Field offshore Ghana in 2007.
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