The authorities of both countries signed an agreement on February 3, 2026, for the exploitation of an oil field on their respective borders.
Equatorial Guinea and Cameroon formalized the signing of the joint exploitation agreement for the Yoyo-Yolanda cross-border oil fields in Malabo on Tuesday, February 3, 2026. This project holds high economic value for both states. The ceremony, presided over by the Vice-President of Equatorial Guinea, Teodoro Nguema Obiang Mangue, was held at the People’s Palace and brought together key institutional and industrial players in the energy sector.
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The Cameroonian government was represented by the Minister of Mines, Industry, and Technological Development, Fuh Calistus Gentry, alongside Equatorial Guinean authorities, including Prime Minister Manuel Osa Nsue, as well as officials from GEPETROL, the National Hydrocarbons Company of Cameroon (SNH), and the company Chevron.
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Economically, the Yoyo-Yolanda agreement aims to maximize the profitability of shared fields through coordinated management of investments, infrastructure, and operations. This joint approach will reduce operating costs, increase oil revenues, and enhance the sector’s contribution to the public finances of both countries. Significant benefits are also expected in terms of job creation and skills transfer.
For Nguema Obiang Mangue, this agreement constitutes “a framework for technical and economic cooperation capable of transforming shared resources into levers for growth.” As Equatorial Guinea’s first joint exploitation experience of this kind, the project exemplifies pragmatic South-South cooperation, positioning Malabo and Yaoundé as major energy players in Central Africa.
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