Pressure Pumping Operator Oil & Gas / Completions / Wellbore Construction - Equatorial Guinea
CA Oil & Gas are currently seeking Pressure Pumping Operator for our clients operations. African nationals will be given priority when applying for the position.
Role Synopsis
Various duties with tools and equipment associated with pumping services for the oil and gas industry.
Equipment operators will be responsible for the safety of other employees, the prevention of damage to operating equipment and customer well equipment.
This position operates a company vehicle on a daily basis between each district/off site location to deliver products, service tools, and equipment.
The operator loads and unloads vehicles as required to maintain service schedules and participates in rigging up pressure pumping equipment on location which includes connecting hoses, high pressure iron etc. to equipment and to the customers well head.
Key Responsibilities/Accountabilities
Operate pumping equipment on a daily basis between each district/off-site location to deliver products, service tools, and equipment
Loads and unloads vehicles as required to maintain service schedules
Participates in rigging up pressure pumping equipment on location which includes connecting hoses, high pressure iron etc. to equipment and to the customers well head
Must meet Equipment Operator I Progression Program requirements
Maintains all required log books and inspection reports to comply with D.O.T. regulations
Completes pre- and post-trip inspections plus fuels and completely services the unit
Performs minor maintenance and housekeeping of vehicle to assure safe and efficient operations, and routine housekeeping tasks to maintain a clean work area
Basic Qualifications
HS diploma or equivalent required
Ability to maintain a safe driving record and the ability to comply with D.O.T. regulations and health requirements required
Ability to have a reliable source of transportation available required
Ability to safely operate, maintain and perform minor repairs on equipment required
Ability to understand and carry out routine oral and written instructions required
Ability to work efficiently in teams required
Ability to communicate effectively in a courteous manner required
Ability to perform duties in various, sometimes harsh outdoor weather conditions required
Submit CV
Friday, January 20, 2012
Fishing Tool Supervisor - Equatorial Guinea
Fishing Tool Supervisor - Oil & Gas / Intervention / Wellbore Clean Up / Thru Tubing / inflatable service packers - Equatorial Guinea
CA Oil & Gas are currently seeking Fishing Tool Supervisor for our clients operations. African nationals will be given priority when applying for the position.
The Oil Tools division, the Fishing Tools Supervisor (FTS) can get called at any time of the day or night and be required to immediately report to a job site. These highly experienced oil field professionals are problem solvers on the rig site. Once called in, the fishing supervisor will generally report to the district shop in Clarksburg, WV to receive the job details and then reviews and confirms the necessary tools and equipment required to satisfy the project. The tools and equipment will be sent with the fishing supervisor or directly to the rig site for use and operation.
The FTS will drive to the rig site and meet the company representative to determine and review the specifics of the required job and then begin to run the fishing tools as specified in the work order. This Fishing Tools Supervisor will coordinate the work performed by the rig crews to complete the required well intervention. Jobs can take 40 to 50 days depending on the project.
The Fishing Tool Supervisor will stay on location until all of the work has been completed. This is a 7 day per week position within no relief personnel usually assigned. The work day is generally 12 to 16 hours long, performing and coordinating work at the rig site in various, sometimes harsh weather conditions. This position requires relocation to Clarksburg, WV area and requires 100% overnight travel for all jobs.
Key Responsibilities/Accountabilities
Under minimal supervision runs multiple applications of medium to high risk in the Wellbore Intervention Product Group
Continues to expand and apply application knowledge and expertise to include applications of increasing complexity and/or risk in Wellbore Intervention and/or other product groups
Ensures supplied equipment is compatible with all other equipment used for job
Provides front-line support with customer and accurately completes all paperwork prior to or upon completion of job
Uses experience and knowledge of applications to ensure products and services are of highest quality
May conduct on-the-job training for some Wellbore Intervention applications as required
Handles special projects as assigned
Conducts all business activities in accordance with clients HSE policies, Legal Compliance requirements and clients Core Values
Basic Qualifications
HS diploma or equivalent required
Five years rig experience as a driller or tool pusher required
Competent in running multiple medium to high risk applications in the Wellbore Intervention Product Group required
Competent in running low to medium risk applications in other product groups required
Thorough knowledge of drilling and completion techniques and drilling/work over rig operations required
Thorough mechanical and application proficiency with Wellbore Intervention products in at least one product line required
Ability to work efficiently in teams required
Ability to communicate effectively in a courteous manner required
Ability to perform duties in various outdoor weather conditions required
Desired/Preferred Qualifications
Previous experience running fishing tools highly preferred
Submit CV
CA Oil & Gas are currently seeking Fishing Tool Supervisor for our clients operations. African nationals will be given priority when applying for the position.
The Oil Tools division, the Fishing Tools Supervisor (FTS) can get called at any time of the day or night and be required to immediately report to a job site. These highly experienced oil field professionals are problem solvers on the rig site. Once called in, the fishing supervisor will generally report to the district shop in Clarksburg, WV to receive the job details and then reviews and confirms the necessary tools and equipment required to satisfy the project. The tools and equipment will be sent with the fishing supervisor or directly to the rig site for use and operation.
The FTS will drive to the rig site and meet the company representative to determine and review the specifics of the required job and then begin to run the fishing tools as specified in the work order. This Fishing Tools Supervisor will coordinate the work performed by the rig crews to complete the required well intervention. Jobs can take 40 to 50 days depending on the project.
The Fishing Tool Supervisor will stay on location until all of the work has been completed. This is a 7 day per week position within no relief personnel usually assigned. The work day is generally 12 to 16 hours long, performing and coordinating work at the rig site in various, sometimes harsh weather conditions. This position requires relocation to Clarksburg, WV area and requires 100% overnight travel for all jobs.
Key Responsibilities/Accountabilities
Under minimal supervision runs multiple applications of medium to high risk in the Wellbore Intervention Product Group
Continues to expand and apply application knowledge and expertise to include applications of increasing complexity and/or risk in Wellbore Intervention and/or other product groups
Ensures supplied equipment is compatible with all other equipment used for job
Provides front-line support with customer and accurately completes all paperwork prior to or upon completion of job
Uses experience and knowledge of applications to ensure products and services are of highest quality
May conduct on-the-job training for some Wellbore Intervention applications as required
Handles special projects as assigned
Conducts all business activities in accordance with clients HSE policies, Legal Compliance requirements and clients Core Values
Basic Qualifications
HS diploma or equivalent required
Five years rig experience as a driller or tool pusher required
Competent in running multiple medium to high risk applications in the Wellbore Intervention Product Group required
Competent in running low to medium risk applications in other product groups required
Thorough knowledge of drilling and completion techniques and drilling/work over rig operations required
Thorough mechanical and application proficiency with Wellbore Intervention products in at least one product line required
Ability to work efficiently in teams required
Ability to communicate effectively in a courteous manner required
Ability to perform duties in various outdoor weather conditions required
Desired/Preferred Qualifications
Previous experience running fishing tools highly preferred
Submit CV
Sand Control Engineer - Equatorial Guinea
Sand Control Engineer Oil & Gas / Completions / Wellbore Construction - Equatorial Guinea
CA Oil & Gas are currently seeking Sand Control Engineer for our clients operations. African nationals will be given priority when applying for the position.
The candidate must have experience working in an offshore environment. Must be able to work with a team and supervise a team. Must execute projects and be able to liaise with clients as and when needed.
Must have at least 5 years of experience and have a degree in engineering.
Submit CV
CA Oil & Gas are currently seeking Sand Control Engineer for our clients operations. African nationals will be given priority when applying for the position.
The candidate must have experience working in an offshore environment. Must be able to work with a team and supervise a team. Must execute projects and be able to liaise with clients as and when needed.
Must have at least 5 years of experience and have a degree in engineering.
Submit CV
Completion Field Specialist - Equatorial Guinea
Completion Field Specialist - Intelligent Production Systems Hydraulic Valves / Oil & Gas / Safety Valves - Equatorial Guinea
CA Oil & Gas are currently seeking Completion Field Specialist - Intelligent Production Systems for our clients operations. African nationals will be given priority when applying for the position.
Role Synopsis:
Under broad direction runs multiple applications of medium to high risk in the Intelligent Production Systems Product Group.
Continues to expand and apply application knowledge and expertise to include applications of increasing complexity and/or risk in two or more productlines in the Intelligent Production Systems product group and/or inother product groups.
Ensures supplied equipment is compatible with allother equipment used for job.
Provides front-line support with customer and accurately completes all paperwork prior to or upon completion of job.
Uses experience and knowledge of applications to ensure products and services are of highest quality.
May conduct on-the-job training for some Intelligent Production Systems applications as required.
Handles special projects as assigned.
Conducts all business activities in accordance with clients HSE policies, Legal Compliance requirements and core values.
Skills and Knowledge Required:
Competent in running multiple medium to high risk applications in the Intelligent Production Systems Product Group.
May be competent in running low to medium risk applications in other product groups.
Thorough knowledge of drilling and completion techniques and drilling/work over rig operations.
Thorough mechanical and application proficiency with Intelligent Production Systems products in at least one product line.
Ability to work well and communicate well with others.
Education, Experience and Training required:
Two year Technical Degree preferred. Industry experience and product line training required.
Submit CV
CA Oil & Gas are currently seeking Completion Field Specialist - Intelligent Production Systems for our clients operations. African nationals will be given priority when applying for the position.
Role Synopsis:
Under broad direction runs multiple applications of medium to high risk in the Intelligent Production Systems Product Group.
Continues to expand and apply application knowledge and expertise to include applications of increasing complexity and/or risk in two or more productlines in the Intelligent Production Systems product group and/or inother product groups.
Ensures supplied equipment is compatible with allother equipment used for job.
Provides front-line support with customer and accurately completes all paperwork prior to or upon completion of job.
Uses experience and knowledge of applications to ensure products and services are of highest quality.
May conduct on-the-job training for some Intelligent Production Systems applications as required.
Handles special projects as assigned.
Conducts all business activities in accordance with clients HSE policies, Legal Compliance requirements and core values.
Skills and Knowledge Required:
Competent in running multiple medium to high risk applications in the Intelligent Production Systems Product Group.
May be competent in running low to medium risk applications in other product groups.
Thorough knowledge of drilling and completion techniques and drilling/work over rig operations.
Thorough mechanical and application proficiency with Intelligent Production Systems products in at least one product line.
Ability to work well and communicate well with others.
Education, Experience and Training required:
Two year Technical Degree preferred. Industry experience and product line training required.
Submit CV
Field Specialist - Equatorial Guinea
Field Specialist - Upper Completion Cased Hole Completions / Oil & Gas / Packers / bridge plugs - Equatorial Guinea
CA Oil & Gas are currently seeking Field Specialist – Upper Completion for our clients operations. African nationals will be given priority when applying for the position.
Role Synopsis:
Under broad direction runs multiple applications of medium to high risk in one or more product lines in the Cased Hole Completions Product Group.
Continues to expand and apply application knowledge and expertise to include applications of increasing complexity and/or risk in Cased Hole Completions and/or other product groups.
Ensures supplied equipment is compatible with all other equipment used for job.
Provides front-line support with customer and accurately completes all paperwork prior to or upon completion of job.
Uses experience and knowledge of applications to ensure products and services are of highest quality.
May conduct on-the-job training for some Cased Hole Completions applications as required.
Handles special projects as assigned.
Conducts all business activities in accordance with clients HSE policies, Legal Compliance requirements and clients Core Values.
Skills and Knowledge Required:
Competent in running multiple medium to high risk applications in the Cased Hole Completions Product Group.
May be competent in running low to medium risk applications in other product groups.
Thorough knowledge of drilling and completion techniques and drilling/work over rig operations.
Thorough mechanical and application proficiency with Cased Hole Completion products in at least one product line.
Ability to work well and communicate well with others.
Education, Experience and Training required:
Two year Technical Degree preferred. Industry experience and product line training required.
Submit CV
CA Oil & Gas are currently seeking Field Specialist – Upper Completion for our clients operations. African nationals will be given priority when applying for the position.
Role Synopsis:
Under broad direction runs multiple applications of medium to high risk in one or more product lines in the Cased Hole Completions Product Group.
Continues to expand and apply application knowledge and expertise to include applications of increasing complexity and/or risk in Cased Hole Completions and/or other product groups.
Ensures supplied equipment is compatible with all other equipment used for job.
Provides front-line support with customer and accurately completes all paperwork prior to or upon completion of job.
Uses experience and knowledge of applications to ensure products and services are of highest quality.
May conduct on-the-job training for some Cased Hole Completions applications as required.
Handles special projects as assigned.
Conducts all business activities in accordance with clients HSE policies, Legal Compliance requirements and clients Core Values.
Skills and Knowledge Required:
Competent in running multiple medium to high risk applications in the Cased Hole Completions Product Group.
May be competent in running low to medium risk applications in other product groups.
Thorough knowledge of drilling and completion techniques and drilling/work over rig operations.
Thorough mechanical and application proficiency with Cased Hole Completion products in at least one product line.
Ability to work well and communicate well with others.
Education, Experience and Training required:
Two year Technical Degree preferred. Industry experience and product line training required.
Submit CV
MWD / LWD Field Specialists - Equatorial Guinea
MWD / LWD Field Specialists Oil & Gas / Drilling & Evaluation / Measurements - Equatorial Guinea
CA Oil & Gas are currently seeking MWD / LWD Field Specialists for our clients operations. African nationals will be given priority when applying for the position.
Key Responsibilities/Accountabilities
Under broad direction provides resolution to a diverse scope and range of complex problems at the well site where analysis of data requires having a broad knowledge of the product line(s)) tool(s)) and/or service.
Work is evaluated upon completion by a Field Supervisor (where appropriate), local Operations Management and the external Customer to ensure objectives have been met.
Acts as a project leader and mentors junior field engineers.
Provides direct instruction and supervision to junior Field Engineers on day-to-day well site work and activities. Provides advice and direction to external customer and third-party wellsite colleagues as appropriate.
Executes other related duties as assigned.
Basic Qualifications
University Degree in Engineering or Applied Science required. 5 + years’ experience in MWD / LWD Services
Desired/Preferred Knowledge and Skills
Thorough knowledge of Conventional Drilling Systems Technology
Working knowledge of Rotary Steerable Technology
Working knowledge of MWD systems used in Directional Drilling Systems.
Thorough understanding of customer requirements in the oilfield environment
Proficient in the use of PC’s
Ability to use skills, knowledge and techniques in problem recognition and solution development
Thorough knowledge of Anti Collision policy and techniques for Collision Avoidance.
Good analytical skills.
Ability to work and communicate well with internal and external customers.
Submit CV
CA Oil & Gas are currently seeking MWD / LWD Field Specialists for our clients operations. African nationals will be given priority when applying for the position.
Key Responsibilities/Accountabilities
Under broad direction provides resolution to a diverse scope and range of complex problems at the well site where analysis of data requires having a broad knowledge of the product line(s)) tool(s)) and/or service.
Work is evaluated upon completion by a Field Supervisor (where appropriate), local Operations Management and the external Customer to ensure objectives have been met.
Acts as a project leader and mentors junior field engineers.
Provides direct instruction and supervision to junior Field Engineers on day-to-day well site work and activities. Provides advice and direction to external customer and third-party wellsite colleagues as appropriate.
Executes other related duties as assigned.
Basic Qualifications
University Degree in Engineering or Applied Science required. 5 + years’ experience in MWD / LWD Services
Desired/Preferred Knowledge and Skills
Thorough knowledge of Conventional Drilling Systems Technology
Working knowledge of Rotary Steerable Technology
Working knowledge of MWD systems used in Directional Drilling Systems.
Thorough understanding of customer requirements in the oilfield environment
Proficient in the use of PC’s
Ability to use skills, knowledge and techniques in problem recognition and solution development
Thorough knowledge of Anti Collision policy and techniques for Collision Avoidance.
Good analytical skills.
Ability to work and communicate well with internal and external customers.
Submit CV
Thursday, January 19, 2012
Drilling Fluids Engineer
Drilling Fluids Engineer / MUD Engineer Oil & Gas / Fluids / Chemicals - Equatorial Guinea
CA Oil & Gas are currently seeking Mud Engineer for our clients operations. African nationals will be given priority when applying for the position.
Key Responsibilities/Accountabilities
Under broad direction provides onsite services by measuring, testing, and supervising the running of fluid mixing and pumping, including technical analysis and specific recommendations for controlling fluid properties.
May make sales calls on the field and field office level or accompany Sales Representative performing the same function.
May train and direct work of entry level engineers.
Conducts all business activities in accordance to clients HSE policies, Legal Compliance requirements and clients Core Values.
Education/Experience/Training required to do this role:
University Degree in Engineering or Applied Science required. 3 + years experience with in-depth knowledge of Drilling Fluids products and services.
Skills/Knowledge required to do this role:
Highly skilled in multiple applications.
Able to identify the proper product and service for simple to complex applications.
Ability to work and communicate well with internal and external customers.
Submit CV
CA Oil & Gas are currently seeking Mud Engineer for our clients operations. African nationals will be given priority when applying for the position.
Key Responsibilities/Accountabilities
Under broad direction provides onsite services by measuring, testing, and supervising the running of fluid mixing and pumping, including technical analysis and specific recommendations for controlling fluid properties.
May make sales calls on the field and field office level or accompany Sales Representative performing the same function.
May train and direct work of entry level engineers.
Conducts all business activities in accordance to clients HSE policies, Legal Compliance requirements and clients Core Values.
Education/Experience/Training required to do this role:
University Degree in Engineering or Applied Science required. 3 + years experience with in-depth knowledge of Drilling Fluids products and services.
Skills/Knowledge required to do this role:
Highly skilled in multiple applications.
Able to identify the proper product and service for simple to complex applications.
Ability to work and communicate well with internal and external customers.
Submit CV
Electro Mechanical Technicians
Electro Mechanical Technicians (Electronic / Oil & Gas / Drilling / Completions - Equatorial Guinea
CA Oil & Gas are currently seeking Mechanical Technicians (Electronic) for our clients operations. African nationals will be given priority when applying for the position.
Key Responsibilities/Accountabilities
Maintains assigned trucks, ships, and related surface cabin equipment in accordance with operating specifications.
Routinely welds, paints and refurbishes equipment.
Conducts mechanical inspections.
May use moderately complex diagnostic equipment.
Review procedures for assembly, disassembly and test verification accuracy.
Configure test stations and systems.
Facilitate third-party repair of equipment when required.
Analyze and interpret data from environmental tests and troubleshoot equipment problems.
Analytical ability to find solutions to difficult technical problems.
Maintains records.
Schedules maintenance of equipment Maintain equipment records and filing systems as part of quality control and assurance programs.
Inspection and disposition of parts and equipment.
Compliance with HS&E policies and procedures.
Handles special projects, as assigned.
Education/Experience/Training required to do this role:
Technical diploma or 5+ years maintenance related experience in electro-mechanical function or minimum 5 years relevant industrial experience(airline, military, oilfield, automotive, electronic).
Skills/Knowledge required to do this role:
Certifications preferred but not required: A/C certification, electrical maintenance, Stationary Engineer. Some electrical experience on 3 PH480and single PH 120v.
Proficient in reading and interpreting blueprints, wiring diagrams, assembly prints and parts lists and follow formal procedures and maintenance practices.
Expertise on hydraulic circuits and ability to troubleshoot faults.
Proficient in the use of multimeters, megohmmeters, hi-pot testers and other basic instruments.
Advanced level of analytical ability to find solutions to complex technical problems.
Advanced computer skills. soldering and assembling of electro-mechanical devices.
Advanced computer skills knowledge of drilling and completion techniques and drilling/work over rig operations.
Ability to work well and communicate well with others.
Submit CV
CA Oil & Gas are currently seeking Mechanical Technicians (Electronic) for our clients operations. African nationals will be given priority when applying for the position.
Key Responsibilities/Accountabilities
Maintains assigned trucks, ships, and related surface cabin equipment in accordance with operating specifications.
Routinely welds, paints and refurbishes equipment.
Conducts mechanical inspections.
May use moderately complex diagnostic equipment.
Review procedures for assembly, disassembly and test verification accuracy.
Configure test stations and systems.
Facilitate third-party repair of equipment when required.
Analyze and interpret data from environmental tests and troubleshoot equipment problems.
Analytical ability to find solutions to difficult technical problems.
Maintains records.
Schedules maintenance of equipment Maintain equipment records and filing systems as part of quality control and assurance programs.
Inspection and disposition of parts and equipment.
Compliance with HS&E policies and procedures.
Handles special projects, as assigned.
Education/Experience/Training required to do this role:
Technical diploma or 5+ years maintenance related experience in electro-mechanical function or minimum 5 years relevant industrial experience(airline, military, oilfield, automotive, electronic).
Skills/Knowledge required to do this role:
Certifications preferred but not required: A/C certification, electrical maintenance, Stationary Engineer. Some electrical experience on 3 PH480and single PH 120v.
Proficient in reading and interpreting blueprints, wiring diagrams, assembly prints and parts lists and follow formal procedures and maintenance practices.
Expertise on hydraulic circuits and ability to troubleshoot faults.
Proficient in the use of multimeters, megohmmeters, hi-pot testers and other basic instruments.
Advanced level of analytical ability to find solutions to complex technical problems.
Advanced computer skills. soldering and assembling of electro-mechanical devices.
Advanced computer skills knowledge of drilling and completion techniques and drilling/work over rig operations.
Ability to work well and communicate well with others.
Submit CV
Directional Driller
Directional Driller Oil & Gas/ Drilling & Evaluation / Measurements - Equatorial Guinea
CA Oil & Gas are currently seeking a Directional Driller for our clients operations. African Nationals will be given priority for these positions when applying.
Key Responsibilities/Accountabilities
Under broad direction provides resolution to a diverse scope and range of complex problems at the well site where analysis of data requires having a broad knowledge of the product line(s)) tool(s)) and/or service.
Work is evaluated upon completion by a Field Supervisor (where appropriate), local Operations Management and the external Customer to ensure objectives have been met.
Acts as a project leader and mentors junior field engineers.
Provides direct instruction and supervision to junior Field Engineers on day-to-day well site work and activities. Provides advice and direction to external customer and third-party wellsite colleagues as appropriate.
Executes other related duties as assigned.
Basic Qualifications
University Degree in Engineering or Applied Science required. 5 + years’ experience in Directional Drilling Services
Completion of the Final Step (Step III) of the LEAD Field Engineer Program and all local training and development programs. This may be exempted dependent upon candidates work history in Directional Drilling and Field Experience.
Desired/Preferred Knowledge and Skills
Thorough knowledge of Conventional Drilling Systems Technology
Working knowledge of Rotary Steerable Technology
Working knowledge of MWD systems used in Directional Drilling Systems.
Thorough understanding of customer requirements in the oilfield environment
Proficient in the use of PC’s
Ability to use skills, knowledge and techniques in problem recognition and solution development
Thorough knowledge of Anti Collision policy and techniques for Collision Avoidance.
Good analytical skills.
Ability to work and communicate well with internal and external customers.
Submit CV
CA Oil & Gas are currently seeking a Directional Driller for our clients operations. African Nationals will be given priority for these positions when applying.
Key Responsibilities/Accountabilities
Under broad direction provides resolution to a diverse scope and range of complex problems at the well site where analysis of data requires having a broad knowledge of the product line(s)) tool(s)) and/or service.
Work is evaluated upon completion by a Field Supervisor (where appropriate), local Operations Management and the external Customer to ensure objectives have been met.
Acts as a project leader and mentors junior field engineers.
Provides direct instruction and supervision to junior Field Engineers on day-to-day well site work and activities. Provides advice and direction to external customer and third-party wellsite colleagues as appropriate.
Executes other related duties as assigned.
Basic Qualifications
University Degree in Engineering or Applied Science required. 5 + years’ experience in Directional Drilling Services
Completion of the Final Step (Step III) of the LEAD Field Engineer Program and all local training and development programs. This may be exempted dependent upon candidates work history in Directional Drilling and Field Experience.
Desired/Preferred Knowledge and Skills
Thorough knowledge of Conventional Drilling Systems Technology
Working knowledge of Rotary Steerable Technology
Working knowledge of MWD systems used in Directional Drilling Systems.
Thorough understanding of customer requirements in the oilfield environment
Proficient in the use of PC’s
Ability to use skills, knowledge and techniques in problem recognition and solution development
Thorough knowledge of Anti Collision policy and techniques for Collision Avoidance.
Good analytical skills.
Ability to work and communicate well with internal and external customers.
Submit CV
Monday, January 9, 2012
Equatorial Guinea
Equatorial Guinea’s major oil and gas exploration and production companies have their operations in Malabo, a small island in West Africa situated off the coast of Equatorial Guinea. Oil and Gas activities include: Exploration, Production, Gas, Oil, Refinery, Onshore and Offshore.
According to the Oil and Gas Journal, Equatorial Guinea had proved oil reserves of 1.1 billion barrels as of January 2009. The majority of these reserves are located offshore in the oil-rich Gulf of Guinea. Since the 1995 discovery of the Zafiro field, Equatorial Guinea's oil production increased dramatically. In 1995, oil production was 5,000 barrels per day (bbl/d), which increased to 375,000 bbl/d in 2005 but has since decreased to around 365,000 bbl/d in 2008; this decline is forecast to continue in the short-term. New field developments are underway but no additional production is expected before 2012.
Over 300,000 bbl/d of oil production is in the form of crude oil with lease condensates from natural gas production accounting for the rest. All production is exported and the small amount of domestic consumption is met through imports of refined products.
Natural Resources: petroleum, natural gas, timber, gold, bauxite, diamonds, tantalum, sand and gravel, clay
Location: Western Africa, bordering the Bight of Biafra, between Cameroon and Gabon
Economy
The discovery and exploitation of large oil reserves have contributed to dramatic economic growth in recent years. Forestry, farming, and fishing are also major components of GDP. Subsistence farming predominates. Although pre-independence Equatorial Guinea counted on cocoa production for hard currency earnings, the neglect of the rural economy under successive regimes has diminished potential for agriculture-led growth (the government has stated its intention to reinvest some oil revenue into agriculture). A number of aid programs sponsored by the World Bank and the IMF have been cut off since 1993, because of corruption and mismanagement. No longer eligible for concessional financing because of large oil revenues, the government has been trying to agree on a "shadow" fiscal management program with the World Bank and IMF. Government officials and their family members own most businesses. Undeveloped natural resources include titanium, iron ore, manganese, uranium, and alluvial gold. Growth remained strong in 2007, led by oil.
Industries: petroleum, fishing, sawmilling, natural gas
According to the Oil and Gas Journal, Equatorial Guinea had proved oil reserves of 1.1 billion barrels as of January 2009. The majority of these reserves are located offshore in the oil-rich Gulf of Guinea. Since the 1995 discovery of the Zafiro field, Equatorial Guinea's oil production increased dramatically. In 1995, oil production was 5,000 barrels per day (bbl/d), which increased to 375,000 bbl/d in 2005 but has since decreased to around 365,000 bbl/d in 2008; this decline is forecast to continue in the short-term. New field developments are underway but no additional production is expected before 2012.
Over 300,000 bbl/d of oil production is in the form of crude oil with lease condensates from natural gas production accounting for the rest. All production is exported and the small amount of domestic consumption is met through imports of refined products.
Natural Resources: petroleum, natural gas, timber, gold, bauxite, diamonds, tantalum, sand and gravel, clay
Location: Western Africa, bordering the Bight of Biafra, between Cameroon and Gabon
Economy
The discovery and exploitation of large oil reserves have contributed to dramatic economic growth in recent years. Forestry, farming, and fishing are also major components of GDP. Subsistence farming predominates. Although pre-independence Equatorial Guinea counted on cocoa production for hard currency earnings, the neglect of the rural economy under successive regimes has diminished potential for agriculture-led growth (the government has stated its intention to reinvest some oil revenue into agriculture). A number of aid programs sponsored by the World Bank and the IMF have been cut off since 1993, because of corruption and mismanagement. No longer eligible for concessional financing because of large oil revenues, the government has been trying to agree on a "shadow" fiscal management program with the World Bank and IMF. Government officials and their family members own most businesses. Undeveloped natural resources include titanium, iron ore, manganese, uranium, and alluvial gold. Growth remained strong in 2007, led by oil.
Industries: petroleum, fishing, sawmilling, natural gas
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