• EDITORIAL POLICY
  • ABOUT US
PML Daily
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines
No Result
View All Result
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines
No Result
View All Result
PML Daily
No Result
View All Result
Home NEWS

Oranto Petroleum to make massive investment into gas as Equatorial Guinea vies to became gas mega-hub

NINSIIMA JULIAN ?PML Daily Correspondent by NINSIIMA JULIAN ?PML Daily Correspondent
April 2, 2019
in NEWS
7
VIEWS
FacebookWhatsAppTwitter
Oranto petroleum unveils plans to make mega investment in Africa. (PHOTO/FILE)

AFRICA – Following the signing of definitive agreements for the monetization of gas from Equatorial Guinea’s Alen Unit, pan-African oil and gas exploration and production company, Atlas Oranto Petroleum is planning to make a significant investment into the country’s backfill project.

With its partners in Block O and I, Noble Energy, Marathon Oil, Glencore and Guvnor, Atlas Oranto Petroleum is expecting to be investing close to $350 million on pooling supply from stranded gas fields in Equatorial Guinea and the Gulf of Guinea and replace declining output from the Alba field.

The development of the Alen offshore gas hub is the first step towards Equatorial Guinea’s vision to become a gas mega-hub for the sub-region by developing several offshore gas hubs to monetize neighboring gas reserves and develop downstream gas industries spurring industrial development and economic growth.

“Our investment into Equatorial Guinea will confirm Atlas Oranto as a strong African gas player,” declared Executive Chairman Prince Arthur Eze.

“We firmly believe that gas monetization is not only key for Equatorial Guinea and Nigeria, but for the whole of Africa. Atlas Oranto will continue to invest in gas monetization projects across the continent, including gas-to-power and the curbing of gas flaring,” Mr. Eze added.

He said in a state on the compony website that Atlas Oranto is thankful to its partners in Equatorial Guinea for working with the government to make the backfill project a reality and urges all parties to move towards its implementation while recognizing the need to boost local and regional content and boosting job creation.

Atlas Petroleum International and Oranto Petroleum represent Africa’s largest privately-held, Africa-focused exploration and production group.

“Our extensive footprint across the African continent includes 22 oil and gas licenses in 11 jurisdictions, including producing assets in Nigeria and Equatorial Guinea and numerous Atlas/Oranto-operated blocks.”

Operating as sister companies in the West Africa region since 1991, Atlas and Oranto now operate throughout Africa, with regional offices and representatives in all the company’s core investment locations.

Comments

Tags: GASOranto Petroleum
Previous Post

Top notes from Euro footie weekend

Next Post

Kitunga Alumni defeat FUFA FM to win Kabira Football Tournament

Related Posts

OIL
NEWS

MoES tasks Oil and Gas sector to standardize skills development

July 22, 2019
14
NEWS

Oranto Petroleum increases its support to the education of Uganda, South Sudan’s communities

March 11, 2019
22
Executive Chairman at African Energy Chamber NJ Ayuk
NEWS

South Africa total gas discovery, first step towards exploiting country’s full hydrocarbons potential

February 8, 2019
4
Next Post
Kitunga Alumni the Winners  lifting their Trophy with Kabira Country Club General Manager Rakesh Hurrychurn  at Kabira on Sunday. (Photo Abraham Mutalyebwa)

Kitunga Alumni defeat FUFA FM to win Kabira Football Tournament

local

local

energyandminerals

About

The PML Daily, published via www.pmldaily.com is a publication of Post Media Ltd, a professional Digital/New Media company in Uganda.

Follow us

Facebook Twitter Youtube RSS

KIU

  • EDITORIAL POLICY
  • ABOUT US

© 2019 PMLDAILY.COM

No Result
View All Result
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines

© 2019 PMLDAILY.COM