Equatorial Guinea is the third-largest oil producer in Sub-Saharan Africa. Over the past few years, the government has been attracting investors to develop offshore natural gas resources. The country is home to unexploited gas reserves off the coast of Bioko Island. There is Alen gas field gas development project. First gas flow was in February 2021. The project is operated by Noble Energy. The company was acquired by Chevron in October 2020.