Equatorial Guinea Oil & Gas Q1 2020
:Oil and gas production in Equatorial Guinea will rise over 2021-22, on the back of new oil and gas projects set to comeonline, (contributing to a 33.9% increase in total gas production). We forecast oil and gas output to expand by 8.1% and15.1% respectively in 2021 and 7.4% and 12.7% respectively in 2022. On the downside, a sharper fall in global oil prices than wecurrently anticipate could dampen investment and production in the oil sector, while the government's 2019 bidding round for 27blocks provides upside to our industry forecasts.
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