Categories: Energy

Chevron to begin offshore oil, gas exploration in Guinea-Bissau

Chevron is set to explore for oil and gas offshore Guinea-Bissau in two blocks in the MSGBC basin.

The company made this known in a statement on Monday, November 3, 2025.

The Mauritania, Senegal, Gambia, Bissau and Conakry (MSGBC) basin is a geological region in West Africa that has become a major focus for the oil and gas sector following major recent discoveries.

Oil prices rise after OPEC+ suspends output hikes in Q1 2026

“Chevron is happy to begin a new chapter with Guinea-Bissau, in alignment with our exploration strategy of adding high-quality acreage to our global portfolio,” said Chevron’s vice president for exploration, Liz Schwarze.

Chevron’s local unit will be the operator of Blocks 5B and 6B with a 90% working interest in both, while Petroguin, Guinea-Bissau’s national oil company, holds the remainder.

The Star

Segun Ojo

Recent Posts

S’Court nullifies ruling on ADC leadership crisis, sends party back to trial court

The Supreme Court on Thursday dismissed the decision of the Court of Appeal ordering parties…

9 minutes ago

APC extends sale of 2027 nomination forms deadline

The All Progressives Congress (APC) has approved an extension of the deadline for the sale…

22 minutes ago

Tinubu appoints ex-minister Babalola as SA on Power, chairs presidential taskforce on sector reset

President Bola Tinubu has appointed Rilwan Lanre Babalola as the Special Adviser to the President…

42 minutes ago

NASU, SSANU begin indefinite strike over stalled allowance

Non-academic staff unions in Nigeria's federal universities commenced an indefinite nationwide strike at midnight on…

1 hour ago

Tinubu nominates Tegbe as Minister of Power

President Bola Ahmed Tinubu has nominated Joseph Olasunkanmi Tegbe as Minister of Power, pending confirmation…

2 hours ago

Fire guts car engine at Ilorin hotel

A vehicle caught fire late Wednesday at E-Phoenix Hotel, Tanke Junction, in the Ilorin South…

2 hours ago

This website uses cookies.