U.S. Energy Information Administration (EIA)
‹ Countries

Equatorial Guinea  

Country Analysis Note

  • Equatorial Guinea's economy is heavily reliant on its oil and natural gas industry, which accounted for almost 95 percent of its gross domestic product (GDP) and 99 percent of its export earnings in 2011, according to the International Monetary Fund. Emphasis on the oil and natural gas industries has led to the lack of development in non-oil sectors, and as Equatorial Guinea's oil fields mature, the potential loss in revenue could adversely affect economic growth.
  • Equatorial Guinea is the eighth-largest crude oil reserve holder in Sub-Saharan Africa, with 1.1 billion barrels of proved reserves as of January 2013. Proved natural gas reserves were 1.3 trillion cubic feet (Tcf) as of January 2013, the tenth-largest in the region. Much of these reserves are located offshore near the Bioko Island.
  • Oil production averaged 318,000 barrels per day (bbl/d) in 2012, below its peak of 369,000 bbl/d in 2007. Production originates entirely from offshore fields.
  • The Zafiro field has been the backbone of the country's oil production, but its current output has more than halved since its peak, leaving the country eager to start production from new fields. Despite the recent start of the Alen field, which is producing gas-condensate, new production is not enough to offset natural declines.
  • Despite being among the top five largest oil producers in Sub-Saharan Africa, Equatorial Guinea does not have any refining capacity. The country consumed 2,500 bbl/d of petroleum in 2012, all of which was imported. The government has announced plans to open a 20,000-bbl/d refinery in Mbini, but the project has been slow to develop.
  • Equatorial Guinea exports crude oil to markets in North America, Europe, and Asia. The United States is one of the largest importers of crude oil from Equatorial Guinea and received 41,000 bbl/d of crude oil from Equatorial Guinea in 2012.
  • GEPetrol is Equatorial Guinea's national oil company, which was created in 2001. The company manages the government's interest in production sharing agreements and joint ventures with international oil companies. GEPetrol is also responsible for marketing, oil licensing, and hydrocarbon policy implementation.
  • The largest foreign investors in Equatorial Guinea are U.S. companies, particularly ExxonMobil, Hess, Marathon, and Noble Energy, although European and Chinese companies have started to play a role in Equatorial Guinea's hydrocarbon sector.
  • Equatorial Guinea is a net exporter of natural gas. Dry natural gas production has increased rapidly from 1 billion cubic feet (Bcf) in 2001 to 243 Bcf in 2011. Domestic consumption also grew over the same period, but at a much slower pace from 1 Bcf to 57 Bcf.  Equatorial Guinea has the resources to increase dry natural gas production, but much of its associated gas is currently flared or re-injected. There have been a number of natural gas discoveries in Ophir Energy's Fortuna Complex that may boost production in the future.
  • Most of Equatorial Guinea's dry natural gas production is exported as liquefied natural gas (LNG).  The country has one LNG plant, the Punta Europa (ELNG), located on Bioko Island. ELNG came online in 2007 with one train and is fed with natural gas produced at the Alba field. A second train is slated to come online in 2016, but plans have been delayed in the past because of concerns over feedgas availability. ELNG operators have signed memoranda of understanding with Cameroon and Nigeria to purchase natural gas from those countries to feed the planned second train.
  • Equatorial Guinea exported around 173 Bcf of LNG in 2012, according to FACTS Global Energy. Around 77 percent was sent to Japan, with the remainder sent to South Korea, Taiwan, Chile, and Greece.
  • Equatorial Guinea's other state-owned hydrocarbon company, Sociedad Nacional de Gas de Guinea Ecuatorial (Sonagas), manages the country's natural gas assets, as well as the industrial and residential gas markets. The company is also in charge of the distribution, marketing, and exploration of natural gas.
  • Many parts of the country rely on independent local generators for electricity as opposed to the national grid. The country has a national grid, but aging infrastructure and poor management has led to issues with reliability. Companies in the oil and gas industry have built their own power facilities to support their operations, according to IHS CERA.
  • The country has significant hydropower potential, and currently the vast majority of its total installed capacity comes from hydro power plants. In October 2012, a new hydropower plant, at the Djibloho dam on the Wele River, went online and boosted electricity capacity.

Analysis Last Updated: August 2013


Overview data for Equatorial Guinea

+ EXPAND ALL
Petroleum (Thousand Barrels per Day)
Previous Year
Latest Year
   
History
Equatorial Guinea
Africa
World
Rank
    
Equatorial Guinea
Total Oil Production 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.1020 , 1.5500 , 4.5000 , 5.0000 , 5.0000 , 17.0930 , 52.4219 , 83.0000 , 102.0000 , 167.5000 , 181.4384 , 212.5616 , 206.4659 , 368.2077 , 375.4767 , 362.8658 , 368.5288 , 359.2032 , 346.0161 , 322.7104 , 298.8880 , 310.4000 , 290.7973
(1980-2013)
310.40 9,980 89,757 33   290.80
Crude Oil Production 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.1020 , 1.5500 , 4.5000 , 5.0000 , 5.0000 , 17.0930 , 52.4219 , 83.0000 , 102.0000 , 167.5000 , 181.4384 , 212.5616 , 206.4659 , 365.4590 , 362.5342 , 342.8658 , 345.3699 , 336.8344 , 321.9787 , 297.7807 , 278.3880 , 289.4000 , 269.7973
(1980-2013)
289.40 9,074 75,887 32   269.80
Consumption 0.4000 , 0.4000 , 0.5000 , 0.5000 , 0.5000 , 0.5745 , 0.5746 , 0.5522 , 0.5507 , 0.7938 , 0.8149 , 0.8558 , 0.8127 , 0.8762 , 0.8762 , 0.8739 , 0.8942 , 0.9617 , 0.9617 , 0.9617 , 1.5316 , 1.1488 , 1.1488 , 1.1933 , 1.0263 , 1.0699 , 1.1145 , 1.7286 , 5.1970 , 3.1192 , 5.3651 , 4.0000 , 2.4678
(1980-2012)
4.00 3,297 88,744 125   2.47 E
Estimated Petroleum Net Exports -0.4000 , -0.4000 , -0.5000 , -0.5000 , -0.5000 , -0.5745 , -0.5746 , -0.5522 , -0.5507 , -0.7938 , -0.8149 , -0.7538 , 0.7373 , 3.6238 , 4.1238 , 4.1261 , 16.1988 , 51.4602 , 82.0383 , 101.0383 , 165.9684 , 180.2896 , 211.4129 , 205.2726 , 367.1814 , 374.4068 , 361.7513 , 366.8002 , 354.0061 , 342.8968 , 317.3453 , 294.8880 , 307.9322
(1980-2012)
294.89 6,030 -- 163   307.93
Refinery Capacity 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000
(1980-2012)
0 3,220 88,097 110   0
Proved Reserves(Billion Barrels) 0.0036 , 0.0036 , 0.0120 , 0.0120 , 0.0120 , 0.0120 , 0.0120 , 0.0120 , 0.0120 , 0.0120 , 0.0120 , 0.0120 , 0.0120 , 0.0120 , 1.1000 , 1.1000 , 1.1000 , 1.1000 , 1.1000 , 1.1000 , 1.1000
(1993-2013)
1.10 124 1,526 38   1.10
Natural Gas (Billion Cubic Feet)
Previous Year
Latest Year
   
History
Equatorial Guinea
Africa
World
Rank
 
Equatorial Guinea
Production 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.7063 , 0.7063 , 1.0595 , 1.0595 , 44.8501 , 45.9095 , 3.5315 , 45.9095 , 45.9095 , 103.1198 , 210.1243 , 221.4251 , 230.9601 , 242.9672 , 242.9672
(1980-2012)
242.97 7,124 116,255 47   242.97
Consumption 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.7063 , 0.7063 , 1.0595 , 1.0595 , 44.8501 , 45.9095 , 3.5315 , 45.9095 , 45.9095 , 52.6511 , 52.6194 , 54.7383 , 55.7977 , 57.2103 , 76.2804
(1980-2012)
57.21 3,909 116,395 79   76.28
Net Export/Imports(-) 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 50.4687 , 157.5049 , 166.6868 , 175.1624 , 185.7569 , 166.6868
(1990-2012)
185.76 3,215 -- 69   166.69
Proved Reserves
(Trillion Cubic Feet)
0.8480 , 0.8480 , 0.8480 , 0.8480 , 0.8400 , 0.8400 , 1.3000 , 1.3000 , 1.3000 , 1.3000 , 1.3000 , 1.3000 , 1.3000 , 1.3000 , 1.3000 , 1.3000 , 1.3000 , 1.3000 , 1.3000 , 1.3000 , 1.3000 , 1.3000 , 1.3000 , 1.3000 , 1.3000 , 1.3000 , 1.3000
(1987-2013)
1.30 546 6,845 65   1.30
Coal (Million Short Tons)
Previous Year
Latest Year
   
History
Equatorial Guinea
Africa
World
Rank
 
Equatorial Guinea
Production 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000
(1980-2011)
0.000 286 7,934 66   0.000
Consumption 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000
(1980-2011)
0.000 223 7,751 113   0.000
Net Export/Imports(-) 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000
(1980-2011)
0.000 64 -- 85   0.000
Electricity (Billion Kilowatthours)
Previous Year
Latest Year
   
History
Equatorial Guinea
Africa
World
Rank
 
Equatorial Guinea
Net Generation 0.0170 , 0.0150 , 0.0140 , 0.0120 , 0.0150 , 0.0170 , 0.0160 , 0.0170 , 0.0170 , 0.0170 , 0.0170 , 0.0170 , 0.0180 , 0.0180 , 0.0180 , 0.0190 , 0.0190 , 0.0200 , 0.0210 , 0.0210 , 0.0420 , 0.0540 , 0.0610 , 0.0760 , 0.0800 , 0.0850 , 0.0900 , 0.0940 , 0.0940 , 0.0940 , 0.0970 , 0.0970
(1980-2011)
0.10 638 20,254 196   0.10
Net Consumption 0.0158 , 0.0140 , 0.0130 , 0.0112 , 0.0140 , 0.0158 , 0.0149 , 0.0158 , 0.0158 , 0.0158 , 0.0158 , 0.0158 , 0.0167 , 0.0167 , 0.0167 , 0.0177 , 0.0177 , 0.0186 , 0.0195 , 0.0195 , 0.0391 , 0.0502 , 0.0567 , 0.0707 , 0.0744 , 0.0791 , 0.0837 , 0.0874 , 0.0874 , 0.0874 , 0.0902 , 0.0902
(1980-2011)
0.09 562 18,501 196   0.09
Installed Capacity (GWe) 0.0050 , 0.0050 , 0.0050 , 0.0050 , 0.0050 , 0.0050 , 0.0050 , 0.0050 , 0.0050 , 0.0050 , 0.0050 , 0.0050 , 0.0050 , 0.0050 , 0.0050 , 0.0050 , 0.0050 , 0.0050 , 0.0050 , 0.0060 , 0.0120 , 0.0120 , 0.0180 , 0.0210 , 0.0230 , 0.0260 , 0.0280 , 0.0340 , 0.0340 , 0.0410 , 0.0410 , 0.0410
(1980-2011)
0.04 135 5,086 195   0.04
Total Primary Energy (Quadrillion Btu)
Previous Year
Latest Year
   
History
Equatorial Guinea
Africa
World
Rank
 
Equatorial Guinea
Production 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0002 , 0.0031 , 0.0090 , 0.0100 , 0.0100 , 0.0342 , 0.1046 , 0.1663 , 0.2042 , 0.3361 , 0.3630 , 0.4709 , 0.4599 , 0.7387 , 0.7903 , 0.7615 , 0.8311 , 0.9268 , 0.9096 , 0.8726
(1980-2010)
.910 36 487 54   0.873
Consumption 0.0008 , 0.0008 , 0.0011 , 0.0011 , 0.0011 , 0.0012 , 0.0012 , 0.0012 , 0.0012 , 0.0017 , 0.0017 , 0.0018 , 0.0017 , 0.0018 , 0.0019 , 0.0019 , 0.0019 , 0.0020 , 0.0028 , 0.0028 , 0.0043 , 0.0035 , 0.0494 , 0.0506 , 0.0059 , 0.0504 , 0.0505 , 0.0588 , 0.0577 , 0.0638 , 0.0693
(1980-2010)
0.064 16 488 135   0.069
Energy Intensity
(Btu per 2005 U.S. Dollars)
1151.6903 , 1127.3372 , 1395.4113 , 1326.5354 , 1318.0171 , 1469.1709 , 1531.2211 , 1371.6202 , 1299.1499 , 1940.1657 , 2040.8508 , 2136.9547 , 1790.5586 , 1718.8046 , 1612.6444 , 1439.7760 , 1094.7632 , 604.2677 , 699.1555 , 567.5080 , 779.4703 , 379.9031 , 4407.9897 , 3948.1828 , 346.9094 , 2719.4102 , 2587.2454 , 2447.3019 , 2083.0327 , 2190.0627 , 2398.6660
(1980-2010)
2,190 5,405 7,461 170   2,399
Carbon Dioxide Emissions (Million Metric Tons of CO₂)
Previous Year
Latest Year
   
History
Equatorial Guinea
Africa
World
Rank
 
Equatorial Guinea
Total from Consumption of Fossil Fuels
0.0555 , 0.0554 , 0.0694 , 0.0700 , 0.0698 , 0.0798 , 0.0849 , 0.0802 , 0.0787 , 0.1180 , 0.1212 , 0.1275 , 0.1224 , 1.0604 , 1.0603 , 1.0599 , 1.5550 , 1.6009 , 1.6766 , 1.8404 , 2.0536 , 2.0509 , 3.9373 , 4.9127 , 3.8077 , 4.8937 , 4.9000 , 4.6296 , 4.6812 , 5.4084 , 5.4772 , 5.2323
(1980-2011)
5.48 1,155 31,502 123   5.23

-- = Not applicable; NA = Not available; E = Estimate value
Sources: EIA. For more detailed data, see International Energy Statistics.

Data last updated: May 30, 2013

Related International Information

International Energy Statistics

U.S. Net Petroleum Imports By Country

International Energy Outlook yearly energy projections through 2040

Short Term Energy Outlook monthly energy projections through 2014

Annual Energy Outlook yearly US energy projections through 2040

Sign Up for Email Updates