Equatorial Guinea is situated at the hub of the dynamic offshore West Africa Petroleum Province and is now established as a significant petroleum producing nation. Vigorous exploration during the 1990's combined with rapid field development has resulted in liquids production rising from less than 5,000 bpd in 1992 to a 2001 average that will exceed 200,000 bpd. The most exciting new development is Triton Energy's Ceiba field which was discovered in October 1999 and thanks to a remarkably speedy and technically excellent development plan, was producing first oil in November 2000. Ceiba has defined a new petroleum system in Equatorial Guinea's Rio Muni Basin and further exploration success is anticipated both from Triton and from new license holders in the Basin: Chevron, Atlas/Roc and Vanco. Equatorial Guinea's traditional producing area offshore Bioko island continues to expand with increased production at ExxonMobil's Zafiro field and CMS Oil & Gas's Alba field. Production from the Alba gas condensate field is now feeding a newly-constructed $400 million methanol plant on Bioko island and has removed the need for major gas-flaring. Petroleum production now dominates the Equatorial Guinea economy with oil revenues accounting for over 70% of the national income and the petroleum sector is the driving force behind the ongoing growth in Equatorial Guinea's GDP and the country's rapid development. Equatorial Guinea also has unrealised minerals potential and substantial tracts of land are available for leasing for minerals investigations. Artisanal gold production is well established and preliminary exploration work has indicated possibilities for diamonds and columbo-tantalite in particular. Equatorial Guinea offshore area and oil and gas fields View or download the Location map in Acrobat 4 format (116kb)