While international oil companies gradually divest from African hydrocarbon assets, and capital expenditure is redirected towards alternative energy sources, Africa is seeing production declines across key assets. In an exclusive interview with the African Energy Chamber (AEC), Oscar Garcia Berniko, Director General for State Petroleum Companies and Petroleum Assets, Ministry of Mineral Resources and Hydrocarbons of Equatorial Guinea, discussed international oil company (IOC) divestment, gas as the ideal resource for the energy transition, and the need for a model gas/Liquefied Natural Gas (LNG) production sharing agreement. What will this production underperformance in Nigeria, Libya, Angola, Congo, Equatorial Guinea and African…
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