BISSAU, Guinea-Bissau, November 3, 2025 – Chevron is entering 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% interest in each block. Petroguin, the country’s national oil company, holds the remaining 10%. The operation has received all required regulatory approvals.
“Chevron is pleased to open a new chapter with Guinea-Bissau, in line with its exploration strategy to enhance its overall portfolio of high-quality concessions,” said Liz Schwarze, Chevron’s Vice President of Exploration, at a ceremony in Bissau attended by Celedonio Vieira, CEO of Petroguin. “We are excited about our new partnership with Petroguin and the government of Guinea-Bissau following the signing of agreements for blocks 5B and 6B,” said Béatrice Bienvenu, Chevron’s Country Director for West Africa.
Chevron looks forward to collaborating with Petroguin to advance exploration and contribute to the development of Guinea-Bissau’s energy sector.
Chevron is an experienced deepwater operator, with a global presence. The company has increased its exploration portfolio by nearly 40% over the past two years, including establishing operations in Peru, Uruguay, and Namibia. As a major player in Africa for nearly a century, Chevron is currently engaged in production and exploration activities in several countries on the continent, including Angola and Nigeria.
* Mauritania, Senegal, The Gambia, Guinea-Bissau, and the Guinea-Conakry basin
