Guinea to bid 25 offshore blocks in 2015

offshore-guineaSimba Energy found three more significant seeps during the first stage of its exploration work on Blocks One and Two in the Republic of Guinea’s Bove Basin in 2014. (Image source: Hakonthingtad/Flickr)The Republic of Guinea will launch a bidding round for up to 25 offshore oil blocks this year to attract more investments, the country’s minerals minister has announced

Following successful exploration in Ghana, which began pumping oil in 2010, several other West African countries are hoping to join the ranks of oil producers, Reuters reported.

Minister Kerfalla Yansane said, “We have a new oil code in Guinea, and maybe in the next six months we will be able to launch a tender on oil blocks.

“There are 20 to 25 and we are talking about offshore.”

Guinea, still fighting an Ebola outbreak that has killed around 9,000 people in the region, is better known for its vast deposits of iron ore and bauxite.


READ MORE...

Simba Energy finds more signs of oil in Guinea

Alain Charles Publishing, University House, 11-13 Lower Grosvenor Place, London, SW1W 0EX, UK
T: +44 20 7834 7676, F: +44 20 7973 0076, W: www.alaincharles.com

twn Are you sure that you want to switch to desktop version?