Stockholm, Sweden — 08 August 2013 – Swedish oil company Svenska Petroleum Exploration has revealed that it is planning to start with test drilling for oil off the coast of Guinea Bissau in West Africa in the third quarter of 2013.
Svenska Petroleum is a privately held Swedish company engaged in the business of finding and producing oil and gas. Its exploration activities extend across the Baltic Sea, Norway and the hydrocarbon-rich basins of West Africa. Its production comes from the Ivory Coast.
According to a statement issued here, reports Macauhub News Agency, the company awarded the Guinea Bissau project to multinational company AGR Well Management Limited, which will be responsible for “planning, management and execution of the next drilling campaign.”
The contract involves provision of full well management and associated services, including drilling, engineering and planning services, supply chain management, and general operations.
Svenska Petroleum says that at least one test well will be drilled, with the option of a further two based on results. The operation is expected to take anywhere between 45 and 180 days.
Svenska holds exploration rights on two blocks (Block 2 and Block 5A) off the coast of Guinea Bissau.
Source: Macauhub News Agency. For more information, click here.