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Chevron to explore for oil and gas offshore Guinea-Bissau
4:41 CAT | 03 Nov 2025
FILE - A Chevron logo at the Chevron building in Houston, Texas, U.S. August 19, 2025. [File photo: Reuters/Kaylee Greenlee]
Chevron will explore for oil and gas offshore Guinea-Bissau in two blocks in the MSGBC basin, the company said on Monday.
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.
“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,” Liz Schwarze, Chevron’s vice president for exploration, said in a statement.
Chevron’s local unit will be the operator of Blocks 5B and 6B with a 90% working interest in both. Petroguin, Guinea-Bissau’s national oil company, holds the remainder.
Source: Reuters
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