Project Profile
Location: North of Bioko Island, Equatorial Guinea
Area: 600 sq km
Reserves: 3.6 tcf gas (Block Z), 320 bcf and 25 million boe of condensate (Gardenia)
Start-up Year: 2015
Situated north of Bioko island, Block Z contains the Gardenia discovery, made in 2004, with reserves of 320 bcf and 25 million boe of condensate. Data from a 600-square-kilometre seismic survey commissioned by RoyalGate Energy in March 2014 shows four more high potential prospects in the area: Tulip, Daisy, Buttercup and Sunflower. Block Z’s estimated gas reserves stand at more than 3.6 tcf, with considerable upside potential. RoyalGate Energy plans a fast-track development of the identified Gardenia discovery and Tulip prospect in 2015. As operator of the block, RoyalGate Energy is working closely with the Ministry of Mines, Industry and Energy to appraise these prospects and develop Block Z gas.
Operators:
RoyalGate Energy: Operator with 100% interest