Presiding over one of the largest oil and gas markets in Sub-Saharan Africa, the Minister is widely regarded for his incisive leadership and guiding Equatorial Guinea’s energy industry through a resurgence in exploration and production activities.
Working in the oil and gas industry since 1997, his past positions include Minister Delegate, Vice Minister, Secretary of State for Mines and Hydrocarbons, Government Rep. in the Equity of the State in production sharing contracts, and Hydrocarbons Presidential Adviser. He has served as a member of the board of three public energy companies: SONAGAS, SEGESA and GEPetrol.
The Minister – who is a key figure in Africa’s oil and gas sector– has played a significant role in the advancement of Equatorial Guinea’s oil and gas industry, having seen the country become a member of the Organization of Petroleum Exporting Countries (OPEC) in 2017, facilitating the country’s move towards joining the Extractive Industry Transparency Initiative following membership in 2008, and the announcement of the commencement of the oil, gas and mining licensing round at the African Petroleum Producers Organization (APPO) Cape VII Congress.
The Minister also oversaw the signing of Definitive Agreements with major oil and gas companies to monetize gas from the Alen Unit and the set up of a one-stop shop solution which aims to improve ease of doing business for investors in Equatorial Guinea.
Obiang Lima’s ministry also saw an improved economic outlook, a fluctuation of notable projects such as the Fortuna FLNG previously held by Ophir Energy, the creation of a Gas Megahub for gas processing and exports and the participation in LNG2Africa initiatives, the drilling of 11 new wells in the 2018 and early 2019 period – with five platforms already being contracted to perform the drilling of new wells, including greenfield prospects held by ExxonMobil, Kosmos Energy, Marathon Oil and Noble Energy.