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Equatorial Guinea

2008 Indicator Analysis  |  2007


Data Year

2008

Report Published Indicator Analysis

2010

Commodities
Oil & Gas
Current EITI Status
No Longer Candidate

Report Quality Analysis



Report Compiled by   Deloitte Conseil

EITI report   Download PDF

Source   unknown



Company Payments

$9,120,411,867

Government Receipts

$9,119,117,112


GDP, 2008 BILLION $ source

18.42

Total Government Revenue (% of GDP)

36.99

Reported EI Revenue
(% of Total Revenue)

133.84



CommodityEITI Production VolumesUnitsIndep. Source Production VolumesUnitsPrice from EITI ReportPer UnitIndep. Reference PricePer UnitTotal Company PaymentsTotal Gov't ReceiptsNotes
Oil129,852,774bbls128,100,000bbls 1
 
$/bbl97.22$/bbl 1
 
 
2
Gas8,152,000,000m36,682,769,498m3 3
 
$/m30.33$/m3 1
 
 
1 BPSR
2 bbl pr is calculated value of royalty / royalty qty
3 EIA
   EITI report failed to provide this commodity-specific data.

Report Quality Indicators

1. Regularity

a) score0.20 
b) total reports / implementing years1/5 

2. Timeliness

Lag between fiscal year of data and publication year.2 

3. Materiality

Report clearly defines a materiality threshold.Yes Materiality clause excluded companies conducting exploration, due to lack of time. Payments over $1 million were included.

4. Data Reliability

Report contains audited data from:  
a) companiesNo Only foreign companies were required to provide audited data; 7/9 complied.
b) governmentNo  

5. Coverage

Revenue data includes the following revenue streams:  
a) royaltiesYes  
b) taxesYes 
c) surface, rental or license feesNo 
d) bonusesNo  
e) state-owned enterprise (SOE) paymentsYes  
f) Report covers all extractive sector companies.Yes 9/9 companies reported.
g) Report states the price of any product received or sold by government.No  
h) Report states the quantity of resources produced.Yes  

6. Discrepancies

Report contains:  
a) information on the cause of revenue discrepancies.Yes  
b) reconciled data following the correction of discrepancies.Yes  

7. SOE Revenue Flow

SOE Revenue Flow data is clearly explained in the report.No  

8. Disaggregation

Report provides financial data on individual:  
a) companiesNo  
b) revenue streamsYes  
c) projectsNo  
d) commoditiesNo  

9. Comprehensibility

Report contains:  
a) a summary with key findings and revenue totalsYes 
b) clear indication of what currencies and units of measurement are used Yes 
c) written explanation of key findings and recommendationsYes  
d) a clear definition of termsNo  

10. Accessibility

Report is available:  
a) in at least one official languageYes Report is available in Spanish.
b) on a government websiteNo 

Related Indicators

Revenue Watch Index, 201011.6 
Corruption Perception Index, 2010 168/178 
Open Budget Survey, 2010N/A 



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