Recently Released Market Study: Equatorial Guinea Oil & Gas Report Q2 2013
BMI View: While Equatorial Guinea could be well positioned to benefit from increasing interest in deepwater exploration off West Africa, at present, we maintain a bearish long-term outlook for its oil sector. However, with recent exploration success holding the potential that Ophir may prove up the resource base to support an expansion of the country's LNG export terminal, we are more optimistic in our forecast for gas production. Yet, we highlight outstanding uncertainty regarding the project's financing, the size of...
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