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Chevron Enters Guinea Bissau Offshore Exploration with Two Blocks

Summary by News Ghana
News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/chevron-enters-guinea-bissau-offshore-exploration-with-two-blocks/Chevron Corporation has entered Guinea Bissau’s offshore oil and gas exploration sector through two blocks in the Mauritania, Senegal, Gambia, Guinea Bissau and Guinea Conakry (MSGBC) basin, marking the American energy giant’s latest expansion into West African frontier markets. The…
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5 Articles

BISSAU, Guinea-Bissau, November 3, 2025 – Chevron enters the offshore exploration sector in Guinea-Bissau through two blocks in the MSGBC basin*. Chevron Guinea Bissau Exploration I, Ltda., a 100% Chevron subsidiary, will be the operator of offshore blocks 5B (Carapau Exploration Permit) and 6B (Peixe Espada Exploration Permit), with a 90% stake in each block. Petroguin, the country's national oil company, holds the remaining 10%. The operation …

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"The Chevron Guinea Bissau Exploration I, an integral subsidiary of the Chevron, will be the operator of the High Sea 5B (Calapau Exploration Licence) and 6B (Calapau Fisheries Exploration Licence) with 90% participation in each," is read in a communication sent today to Lusa, where it adds that "the Petroguin, the national oil company of Guinea-Bissau, holds the remaining 10% participation in the blocks". The transaction is still referred to in…

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News Ghana broke the news in on Monday, November 3, 2025.
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