The Africa Energy Frontiers series profiles Africa’s up-and-coming oil and gas nations. In 2015 and 2016 we published overviews of petroleum legislation, recent activities, major projects and tax considerations in 14 African jurisdictions, from South Sudan to South Africa. Now, to begin our 2016-2017 Energy Frontiers series, we look at Guinea-Bissau.
Guinea-Bissau is as much a frontier oil and gas country as it gets. With an exploration history dating back to the 1960s, discoveries remain elusive. However, new seismic studies and successes in neighboring regions should see the sector pick up pace, as the country recovers from a coup d’état that took place in 2012, and reaps the rewards of its attractive oil and gas contract terms.