Africa Oil & Gas: GeoPartners signs JV with Petroguin to accelerate development offshore Guinea Bissau

Bissau Exploration Company, a wholly owned subsidiary of UK based GeoPartners, has announced the signing a joint venture participation agreement between themselves and A Empresa Nacional de Pesquisa e Exploracao Petroliferas (Petroguin) for petroleum exploration, development and production in Block 4B, offshore Guinea Bissau. 

Bissau Exploration has been established specifically to assist Petroguin in accelerating the development of its hydrocarbon resources.  The new partnership model, working alongside the national oil company, creates a collaborative and transparent setting for all current and future stakeholders to maximize the value created through successful exploration and the ultimate development of oil and gas in Guinea Bissau.

Bissau Exploration has a 90% equity stake in Block 4B and Petroguin has a 10% carried interest.

Photo - see caption

Original article link

Source: Bissau Exploration Company

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s