AGC seeking to commercialize oil discoveries offshore Guinea Bissau

Offshore staff

LONDON – The AGC Authority (Agence de Gestion et de Cooperation entre Le Senegal at La Guinee Bissau) is inviting bids for the AGC Shallow block 100 km (62 mi) offshore the city of Bissau, northwest Africa.

According to MGGS and GeoPartners, which are supporting the promotion, the block contains the Domes Flore and Gea discoveries and the exploration prospect Dome Iris.

Water depths range from 25-100 m (82-328 ft) with the known oil at the Domes setting in depths of 50-70 m (164-229 ft).

Fourteen wells have been drilled on the acreage but only one based on 3D seismic data, which was first acquired in 1982 and then re-shot in 2003. The most recently acquired 3D data was in 2012. Early wells in shallow reservoirs overlying the salt induced domes at Flore and Gea are said to have proven significant oil volumes.

The AGC Authority is seeking initiatives to commercialize this oil, some of which flowed during testing, and is inviting offers of a future work program from interested parties that have studied all the previous data and which can demonstrate competence to operate offshore.

MGGS will manage and license the database, which includes legacy data from previous operators and more recent work conducted on the shallow oil reservoirs. The new information has accommodated in a review of the existing wells and various reprocessed seismic packages, then linked into potential commercial development concepts. Data will be made available by mid-April and a database information circular published shortly.

Contacts:

Papa Boucar Faye on [email protected]

Marc Guillon on [email protected] 

Elwyn Jones on [email protected]

04/06/2021