Bissau Exploration Co., a wholly owned subsidiary of GeoPartners Ltd of the UK, has been established specifically to assist Petroguin, the national oil company of Guinea Bissau, in accelerating the development of its hydrocarbon resources.
The company believes that through the application of leading edge geophysical technologies with quantitative interpretation and subsurface modelling techniques, combined with a good understanding of the active petroleum systems, it can enhance business opportunities along the newly established play fairway.
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’s first asset is Block 4B: the company has an 90% equity stake and Petroguin have a 10% carried interest.
Bissau Exploration Company Limited, is incorporated in England and Wales (Company Number 09586299), having its registered office at 10 The Triangle, NG2 Business Park, Nottingham NG2 1AE, United Kingdom. The owner of the company is Geopartners Ltd of the UK and its business partner is Petroguin (A Empresa Nacional de Pesquisa e Exploração Petroliferas, E.P.).