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Antonio Oburu Ondo Reveals Strategies to Explore, Drill and Unlock Offshore Potential in Equatorial Guinea

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Antonio Oburu Ondo

In an exclusive interview with the African Energy Chamber, President of OPEC and Equatorial Guinea’s Minister of Mines and Hydrocarbons, Antonio Oburu Ondo, dives deep into the country’s exploration and drilling Strategies

JOHANNESBURG, South Africa, August 6, 2023/APO Group/ — 

OPEC members recently met in Vienna for the 8th OPEC International Seminar. What measures is OPEC currently taking to stabilize the market given recent price increases?

The global oil market has experienced a relatively volatile few years but OPEC remains committed to contributing towards market stability, both for producers and consumers alike. We have been closely monitoring the market and the associated global dynamics, and our recent seminar in Vienna featured in-depth discussions about production, and maintaining a balance between supply and demand. OPEC will continue to monitor the market while cooperating with our member and non-member countries to address any market imbalances.

Equatorial Guinea’s Gas Mega Hub (GMH) initiative continues to make progress with a Heads of Agreement signed with Marathon Oil Corporation for the second and third phases of the project. What does the timeline look like for the project? Can we expect any milestones to be achieved in 2024 and 2025?

Phase one of the GMH comprised the tie-back of the Alen Field to the Punta Europa Liquefied Natural Gas (LNG) terminal on Bioko Island. This phase delivered first gas in February 2021, and soon thereafter, the government, alongside its project partners, have been working towards getting phase two onstream. In March this year we signed an agreement with Marathon Oil and Noble Energy for the next two phases of the project and we expect phase two to come online as early as January 2024. This stage involves processing gas from the Alba Field while phase three will facilitate gas processing from Noble Energy’s Aseng oil and gas field. Marathon Oil is also currently evaluating two infill drilling opportunities to improve the Alba production performance.

So, we will be starting 2024 with a major milestone and are aiming to reach many more after that. We have recently also established a bilateral trade agreement with Cameroon on cross-border oil and gas development while other exploration projects continue to make progress. A similar agreement was signed with Nigeria in 2022. These endeavors open up new opportunities for the expansion of the GMH by maximizing feedstock for the terminal.

With production decreasing due to natural declines in legacy fields, what efforts are being taken by the Ministry to boost output? 

The country’s enabling environment for investment and strong record of successful offshore finds have also seen new E&P players join the market

In addition to drilling works being undertaken to improve and maintain production levels at existing fields, the Ministry is making great strides towards accelerating exploration across the country’s offshore acreage. Our recent agreement with Cameroon will see the two countries jointly develop oil and gas projects along our maritime borders, including the Yoyo and Yolanda fields, the Etinde gas field and the Camen and Diega fields.

The country’s enabling environment for investment and strong record of successful offshore finds have also seen new E&P players join the market. Earlier this year we also signed three production sharing contracts with Panoro Energy and Africa Oil Corporation. These contracts are expected to further open up the upstream market. Additionally, we have several global energy majors and independents progressing with exploration and are optimistic about these campaigns. The only way to address production declines is to explore, drilling more wells and unlocking the potential of offshore basins.

Equatorial Guinea has recently inked agreements with regional neighbors Nigeria and Cameroon to expand energy cooperation. How is the government strengthening local content within the natural gas industry and how will these agreements help bolster capacity building on a regional scale?

Local content has and will always be a top priority for Equatorial Guinea. In our oil and gas sector, local content is enforced through the National Content Regulation and Hydrocarbons Law as well as additional ministerial decrees, individual production sharing contracts and local labor laws. Through clear regulation and regular engagement with both local and international energy companies, we continue to strengthen our local content and drive capacity building and opportunity.

In addition to policy, the government carries out skills and technology transfer through initiatives and training. We have a number of training and education institutions open and constantly engage our partners about exchange programs and bilateral skills development. Our agreements with neighboring countries fall under these efforts to up-skill and re-skill the workforce. We also believe that regional cooperation will help advance opportunities for oil and gas entrepreneurs. Our partnerships with other West African countries aim to increase trade, commerce and collaboration between Equatorial Guinea and its regional counterparts. These efforts are introducing opportunities for domestic and regional market growth as well as bilateral knowledge sharing.

African Energy Week 2023 takes place under a mandate to make energy poverty history by 2030. How does Equatorial Guinea plan to leverage its resources to achieve this objective and what messages will you be driving during this year’s conference?

Equatorial Guinea, like many other African countries, believes that in order to make energy poverty history, we need to monetize and maximize all of our natural resources. Our efforts to increase investment and bolster development across the entire energy value chain has already been instrumental in alleviating energy poverty. Equatorial Guinea has a wealth of natural gas resources and we are making progress to leverage these resources for domestic power generation. The Bioko Turbogas thermal power plant provides reliable power to the population and as the GMH expands, so will opportunities for gas-to-power.

The country is also capitalizing on its renewable energy wealth, and invites investors and project developers to invest in the country’s green energy sector. We are also working with other countries in Africa to expand trade and regional connectivity.

This year, I am looking forward to participating in a number of panel discussions, investor summits and ministerial forums, and will drive the message that gas is good for Africa. Equatorial Guinea has made significant progress to monetize both domestic and regional gas but a lot more needs to be done to maximize resources and drive industrialization and economic growth. Gas, as a clean and readily available resource, is the best way for Africa to achieve energy security while facilitating a just energy transition.

Distributed by APO Group on behalf of African Energy Chamber.

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Unstoppable Africa 2026 to bring African and global Chief Executive Officers (CEOs) and leaders to New York to drive investment, ownership and growth across the continent

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The program will focus on how Africa can capture more value from its critical minerals, strengthen infrastructure and trade, mobilise capital at scale and build more integrated and competitive markets

NEW YORK, United States of America, September 2, 2026/APO Group/ –More than 2,000 African and global business leaders plus heads of state will gather in New York on September 20–21 for Unstoppable Africa, flagship event of the Global Africa Business Initiative (GABI) (https://www.GABI.biz/).
 




 

Convened by UN Secretary-General António Guterres and H.E. Mahmoud Ali Youssouf, Chairperson of the African Union Commission, and organized and coordinated by the UN Global Compact, the fifth edition of Unstoppable Africa will convene under the theme “Powering Business, Scaling Economies, Shaping the Future”.

Held on the sidelines of the opening of the 81st session of the United Nations General Assembly, Unstoppable Africa will feature leading  investors, policymakers, creatives, sports executives and decision-makers working to accelerate Africa’s business, trade and investment and amplify its role in shaping global markets.

Sanda Ojiambo, Assistant Secretary-General and CEO of the United Nations Global Compact, said: “This year, we are sharpening the focus on mobilising capital, forging partnerships, building businesses and turning Africa’s assets and opportunities into investable, scalable outcomes. The ambition is not simply to shape how the world sees Africa, but to shape where global capital flows, where value is created and how Africa can capture it.”

The ambition is not simply to shape how the world sees Africa, but to shape where global capital flows, where value is created and how Africa can capture it

The high-level convening comes at a time of global supply chains being redrawn by geopolitical tension, energy insecurity and shifting trade rules. For the African continent, these pressures  create an opportunity to leverage its critical minerals, renewable energy potential, expanding consumer markets and young workforce to attract long-term capital and capture more value from global shifts.

Unstoppable Africa 2026 will look at how the continent can turn these shifts into lasting economic opportunity.  The program will focus on how Africa can capture more value from its critical minerals, strengthen infrastructure and trade, mobilise capital at scale and build more integrated and competitive markets. Discussions will also explore Africa’s energy transition, the development and ownership of AI and digital infrastructure, the financing and global distribution of African creative industries, and how sport can become a stronger engine for investment, talent development and economic growth.

Other confirmed speakers include:

  • H.E. Julius Maada Bio, President, Republic of Sierra Leone
  • H.E. Duma Gideon Boko, President, Republic of Botswana
  • H.E. Paula Ingabire, Minister of ICT and Innovation, Rwanda
  • Samaila Zubairu, President and CEO, African Finance Corporation
  • Nolitha Fakude, Chairperson, Anglo American South Africa
  • Tidjane Thiam, General Partner, Allied Critical Minerals Fund
  • Phuthi Mahanyele-Dabengwa, CEO and Executive Director, Naspers
  • Olugbenga Agboola, CEO, Flutterwave
  • Cameron Bailey, CEO, Toronto International Film Festival
  • Wanuri Kahiu, filmmaker
  • Akunna Cook, Founder and CEO, Next Narrative Africa Fund
  • Luol Deng, former NBA All-Star and President, South Sudan Basketball Federation
  • Clare Akamanzi, CEO, NBA Africa
  • Amina J. Mohammed, Deputy Secretary-General, United Nations
  • Massad Boulos, Senior Advisor to the President of the United States on Arab and African Affairs
  • Damilola Ogunbiyi, CEO and Special Representative of the UN Secretary-General for Sustainable Energy for All

The five themes of GABI and Unstoppable Africa, namely Energy, Digital Transformation, Trade, Creative Industries, and Sport, will be supported by high-level plenaries, CEO and investor roundtables, ministerial dialogues, startup showcases, and GABI Solutions Labs. The 2026 edition will create opportunities to spark transactions, develop investment vehicles, and form cross-border alliances and partnerships. Full implementation of the African Continental Free Trade Area could create a $3.4 trillion market, according to UNCTAD’s 2024 Economic Development in Africa Report, highlighting the scale of the opportunity as regional integration deepens.

Once again, the event will be hosted by Folly Bah Thibault, Senior News Anchor at Al Jazeera Media Network, and Larry Madowo, International Correspondent at CNN, and will spotlight more than 500 nominees in the Unstoppable Africans campaign.

Media partners to date include African Business/New African; African Renewal; Afrique Media; AllAfrica; Arise News; Business Digest Magazine; Citizen TV; EIB Network; Envoy Magazine; The Kenyan Wall Street; News Central TV; SDG News; The Africa Report; The Nation Media Group; TIME Africa.

Unstoppable Africa 2026 will take place at the New York Marriott Marquis, Times Square, 1535 Broadway, New York City. Accredited media and other eligible communication professionals can register at https://apo-opa.co/4xvM3xh.

Distributed by APO Group on behalf of Global Africa Business Initiative.

 

 




 

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New DHL-Absa Partnership Opens Global Trade Opportunities for African Small and Medium-Sized Enterprises (SME)

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DHL

By combining DHL’s logistics expertise with Absa Group’s extensive banking, digital and financial capabilities, the partnership will equip SMEs with practical tools, training and access to services that support cross-border trade, e-commerce growth and sustainable business development

JOHANNESBURG, South Africa, September 2, 2026/APO Group/ –DHL and Absa Group have officially signed a Memorandum of Understanding (MOU) to expand DHL’s GoTrade programme across Sub-Saharan Africa (SSA), formalising a strategic partnership that paves the way for the rollout of the DHL GoTrade programme across key markets in SSA.
 




 

By combining DHL’s logistics expertise with Absa Group’s extensive banking, digital and financial capabilities, the partnership will equip SMEs with practical tools, training and access to services that support cross-border trade, e-commerce growth and sustainable business development.

Deputy Minister of Trade, Industry and Competition Zuko Godlimpi said the partnership will help SMMEs address the critical constraints to regional growth.

“This partnership brings together the finance, logistics, market knowledge and public support that SMMEs need to trade beyond our borders. By building the capacity of South African enterprises to enter African markets, we are not only growing individual businesses – we are strengthening intra-African trade, creating jobs and using the African market to power South Africa’s economic growth.”
the Deputy Minister said.

Every successful business starts with someone brave enough to dream bigger

The agreement was signed by Hennie Heymans, CEO of DHL Express Sub-Saharan Africa, and Faisal Mkhize, Managing Executive for Business Development, Business Banking Pan-Africa at Absa Group.

“Every successful business starts with someone brave enough to dream bigger. Across Africa, there are thousands of entrepreneurs with incredible ideas, determination and ambition, but many still face stumbling blocks when it comes to trading globally.” said Hennie Heymans.

“By partnering with Absa Group, we are creating a powerful ecosystem that combines logistics excellence with financial expertise, ensuring that SMEs across the continent to grow sustainably. To be clear, this is really about helping African SMEs turn big ambitions into real opportunities. Whether it’s understanding how to export for the first time, finding the right financial support, reaching new customers online, or expanding into international markets,” he added.

Approximately 1,600 SMEs have been trained in Uganda, one of the earliest markets to implement the programme, with more entrepreneurs also benefitting from Kenya, Botswana and Zambia. Mozambique and Tanzania are next in line for rollout.

“SMEs are at the heart of Africa’s economic future. They create jobs and strengthen communities.  Our partnership with DHL Express is about giving business owners practical support, and access to trade solutions that can help them move beyond their local markets and realise their growth ambitions,” said Absa Group’s Mkhize.

As the SME sector across SSA continues to play a critical role in driving economic growth, innovation and job creation, the partnership between DHL and Absa Group is a commitment to helping entrepreneurs overcome barriers to trade and unlock new opportunities beyond their borders. Together, the two organisations aim to equip more businesses with the knowledge, networks and support they need to grow sustainably, compete globally and contribute to Africa’s economic growth.

Distributed by APO Group on behalf of DHL Express SSA.

 

 




 

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TotalEnergies, ExxonMobil to Open Procurement Doors for Angolan Companies at Angola Oil & Gas (AOG) 2026

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Etu Energias

Two of Angola’s largest operators will host dedicated procurement workshops on September 8, giving Angolan companies direct insight into supplier requirements and contracting opportunities across major upstream projects

LUANDA, Angola, September 2, 2026/APO Group/ –Energy majors TotalEnergies and ExxonMobil will host dedicated procurement workshops during the pre-conference program of Angola Oil & Gas (AOG) 2026 on September 8, connecting Angolan companies directly with two of the country’s biggest international operators.
 




 

Led by Patricia Campos, Head of Procurement and Contracts Division at TotalEnergies, and Adão Costa, Procurement Manager at ExxonMobil, the respective sessions will offer practical insight into how local companies can position themselves to secure contracts across Angola’s expanding upstream industry. Taking place ahead of the main conference – scheduled for September 9-10 -, the workshops strengthen AOG 2026’s role as a platform for translating investment into tangible opportunities for Angolan businesses.

TotalEnergies’ workshop comes as the operator advances a multi-billion-dollar offshore portfolio. The company is developing the Kaminho project in Block 20/11 alongside Sonangol and Petronas – the first large-scale deepwater development in the Kwanza Basin. Sanctioned in 2024, Kaminho will feature a zero-flaring FPSO with capacity of 70,000 barrels per day, with first oil targeted for 2028.

The company has also extended licenses for strategic producing assets, including Block 32, creating a framework for further development across six discoveries surrounding the Kaombo Norte and Kaombo Sul FPSOs. Through its role in the New Gas Consortium (NGC), TotalEnergies is at the forefront of Angola’s non-associated gas development. The NGC achieved first gas production from the Quiluma field in 2026, paving the way for a diversified energy mix in Angola. Campos’ workshop will provide a direct interface between those suppliers and the procurement processes governing TotalEnergies’ activities.

Meanwhile, ExxonMobil is pursuing a dual-track strategy combining redevelopment of mature producing assets with frontier exploration. In April 2026, the company awarded an EPCI contract to Subsea7 for its Likembe Redevelopment 2.0 Project, which will connect additional reservoirs to existing Block 15 facilities through subsea tiebacks. ExxonMobil and its partners have also moved to extend production from the Mondo and Saxi-Batuque fields following the extension of Block 15’s production license through 2037.

Beyond Block 15, ExxonMobil is expanding its exploration footprint. The company partnered with TotalEnergies and Angola’s National Agency for Petroleum, Gas and Biofuels to secure exploration rights across multiple blocks in the frontier Benguela and Namibe Basins, while subsurface evaluation continues across additional offshore acreage. Costa’s workshop will share insight into how Angolan companies can position themselves at the forefront of these developments.

By placing procurement managers directly in front of Angolan businesses, AOG 2026 will give domestic suppliers greater clarity on what major operators need, how procurement decisions are made and where opportunities are emerging. As billions of dollars move into Angola’s upstream sector, the September 8 sessions will help ensure more Angolan companies are equipped to move with them.

Distributed by APO Group on behalf of Energy Capital & Power.

 




 

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