• CERAWeek
  • March 18 - 22, 2024

H.E. Gabriel Mbaga Obiang Lima

Ministry of Mines and Hydrocarbons, Equatorial Guinea

Minister of Mines and Hydrocarbons

H.E Gabriel MBAGA OBIANG LIMA, Minister of Mines and Hydrocarbons of Equatorial Guinea, presides over the third oil market in Sub-Saharan Africa; greatly appreciated for his incisive leadership and guidance of the Republic of Equatorial Guinea's energy industry during a period of growth and renewal. Under his leadership, Equatorial Guinea's oil and gas sector has embraced innovation and international investment, making progress on a historic regional oil and gas storage facility, the successful completion of the “Alen Gas Hub-Bckfill Punta Europa” project, the establishment of public transport based on CNG, the increase in national personnel in all companies in the hydrocarbon sector in the country, the implementation of various social community projects and mining for the first time in Equatorial Guinea. In 2017, his government signed cooperation agreements with Ghana, Burkina Faso, South Sudan and Uganda to share knowledge and establish greater intra-African trade in hydrocarbons. The agreements demonstrate the objective of the Minister to make Equatorial Guinea a center of excellence for the hydrocarbon industry in Africa. He has been in the industry since 1997 and has held a variety of leadership positions.

Sessions With H.E. Gabriel Mbaga Obiang Lima

Tuesday, 12 March

  • 07:30am - 08:40am (CST) / -

    Competing for Upstream Investment: Rewriting Africa's story

    Panel Oil Gas Geopolitics/Energy Policy/Economics Finance/Trading/Risk Management
    Africa offers a vast array of frontier, emerging, and mature phase basins for upstream players across a range of aboveground challenges and risks in both Saharan and Sub-Saharan regions. Substantial volumes of oil and (mainly) gas have been discovered over the past decade and now offer opportunities for monetization. Several upcoming exploration wells have the potential to be play openers and many governments aspire to have new licensing rounds, but the global competition for upstream risk capital is intense. What role should NOCs play? How can aboveground factors be best managed—by investors, NOCs, and host governments— to maximize value for all? Are governments positioned to compete for a more limited pool of upstream capital?