Point Engineering Equatorial Guinea, S.L. is a Subsidiary of Point Engineering Limited, Nigeria, established in 2022 primarily to undertake a wide range of Engineering and Project Management tasks for oil and gas exploration, production and processing facilities, Pipeline development, facility upgrade, infrastructure and renewable energy in the Equatorial Guinea region.
Point Engineering Limited (POINT) is an ISO 9001:2015 Certified Nigerian engineering company dedicated to providing responsive high quality and cost-effective services to clients, who are mainly in the oil and gas production, oil refining, gas processing, power and infrastructure industries.
Point Engineering was established in 1995, started business in 1997 and active operations in January 2000 with a dedicated team of mechanical, process, civil/structural, instrumentation and electrical engineers. Since then, the company has evolved into a full multi-disciplinary consultancy and EPCM group working on contracts varying in size from individual assignments to over 100,000 man-hours.
Point Engineering Limited undertakes a wide range of Engineering and Project management tasks for oil exploration and production facilities, gas production and processing facilities, separation, liquefaction and oil refining.
Our philosophy is to provide innovative, cost-effective solutions, on time, within budget and develop a relationship with our clients for mutual respect, whereby our professional approach places us first on the list when considering new tasks or technologies.
We can work under a number of contractual arrangements including Reimbursable, Target Price, Lump Sum, Service and Frame Contracts depending on the nature of the project assignment and clients’ preference. Our approach is always flexible and whilst we prefer to be contracted directly with the main client, in order to achieve the clients’ goal, we do engage in sub-contract and/or consortium arrangements in order to draw synergy together in meeting clients’ requirements.
Throughout much of the 1990s, Equatorial Guinea was considered to be a poor country with little prospects of economic growth. Although the country had been rather successful at independence due to its cocoa industry,
In 1980, the Spanish petroleum corporation Hispanoil signed in agreement with the Equatoguinean government to form the joint venture GEPSA. Shortly after, the firm successfully drilled a gas well in the Alba region that appeared to be promising. However, the Spanish oil company decided to withdraw from the country in 1990 due to the lack of a viable market for the gas discovered there. As a result, the government allowed for bids from other companies to extract oil.
Walter International was allowed to given the rights to drill in the region. Just one year later, a site close to the original drilling site set up by GEPSA began producing oil. Yet, it was not until 1995, when Mobil struck oil in its Zafiro field, that the country truly became a major oil-producing nation. Soon after in 1999, the American oil firm Triton discovered oil at its Ceiba field.
Due to several corporate changes through the early 2000s, the major oil companies that operated in the country were now owned by American firms. In contrast, there is a notable absence of British oil firms in the country. While Americans dominate the industry, Shell and BP both had yet to explore for oil. As a result of the prevalent presence of foreign firm in the country, foreign direct investment from all over has flooded the nation.
