The Ministry of Mines and Hydrocarbons of Equatorial Guinea on Tuesday, July 17, 2018, enjoined all oil operators present on its soil, including but not limited to Noble Energy, Exxon Mobil, Kosmos Energy, Trident, Marathon Oil Corporation, to cancel all contracts with CHC Helicopters based in Canada due to non-compliance with local content regulations.
It is the responsibility of the Ministry of Mines and Hydrocarbons to ensure strict compliance with the local content regulation of our country’s hydrocarbons law, “said Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons. hydrocarbons. “These laws are in place to protect and promote local industry, create jobs for citizens, promote the sustainable development of our country, and we aggressively monitor and enforce compliance with these requirements.”
Oil companies operating in Equatorial Guinea had 60 days to find local suppliers. Only companies that comply with the local content provisions established in 2014 will be able to bid for contracts.
A sector-wide compliance review is underway, led by the national content director and external departmental counsel.
