Empresa Nacional de Pesquisa e Exploracao Petrolifera (Petroguin) has announced that agreement has been reached with GeoPartners Limited, in partnership with MGGS B.V., for an exclusive 2D multi-client extension programme - Phase II 2014 2D - offshore Guinea Bissau.
This new survey will both complement and extend the existing seismic coverage over the open acreage, which is significantly underexplored, and is believed to have the potential to hold large oil and gas discoveries. Companies participating in the new multi-client project will be granted first right of refusal to negotiate for exploration and production rights in the open blocks.