Swedish oil company Svenska Petroleum to start prospecting off the coast of Guinea Bissau

7 August 2013

Swedish oil company Svenska Petroleum plans to start test drilling for oil off the coast of Guinea Bissau in the third quarter of 2013, the company said in a statement published on the Internet.

According to the statement, the company awarded the project to multinational company AGR Well Management Limited, which will be responsible for “planning, management and execution of the next drilling campaign.”

According to the company at least one test well will be drilled, with the option of a further two based on results. The operation may take between 45 and 180 days.

Svenska holds exploration rights on two blocks (Block 2 and Block 5A) off the coast of Guinea Bissau. (macauhub)

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