MALABO, Equatorial Guinea  (BG) — Equatorial Guinea is set to launch a new oil and gas licensing round in 2025, aiming to attract investment, boost exploration, and secure long-term energy production, according to a statement by the African Energy Chamber (AEC) on Saturday.

With global energy markets shifting and production from mature fields declining, the government is prioritizing the promotion of new acreage to sustain revenue and energy security.

The initiative is expected to draw foreign capital, introduce advanced technologies, and create opportunities for local and international companies.

Antonio Oburu Ondo, the Minister of Mines and Hydrocarbons of Equatorial Guinea, is leading the effort and continuing the country’s proactive strategy to revitalize its hydrocarbon sector.

While technical details remain undisclosed, the licensing round is anticipated to build on the success of the country’s 2019 bid round, which saw 53 companies participate and 17 bids submitted.

“The importance of exploration cannot be overstated. New licensing rounds are the lifeblood of Africa’s upstream industry, ensuring that production levels remain strong and that new discoveries continue to fuel our economies,” said Tomás Gerbasio, VP of Commercial and Strategic Engagement at AEC.

The licensing round aligns with ongoing industry activity, including Chevron’s new production-sharing contracts, Trident Energy’s successful infill drilling, and GEPetrol’s revitalization of the Zafiro field.

These developments position Equatorial Guinea as a key player in Africa’s energy future.

“Equatorial Guinea’s commitment to advancing exploration is a testament to its strategic vision, and the AEC fully supports these efforts,” Gerbasio added.

Beyond energy security, the initiative is expected to generate employment, enhance infrastructure, and solidify the country’s role as a regional energy hub, reinforcing its long-term industry sustainability.