The opportunity
Farm-in to Blocks 7B and 7C, offshore Guinea-Bissau
Supernova Energy holds a 90% working interest in two licences offshore Guinea-Bissau, with 10% held by state oil company Petroguin. All current work obligations have been fulfilled, with 2D and 3D seismic acquired and prospectivity studies completed. Supernova is seeking a farm-in partner to take the licences into their next stages.
The licences
| Licence | Area | Status | Next stage (from Oct 2028) |
|---|---|---|---|
| Block 7B Garoupa |
8,736 km² | Stage 2 (extended) 2,371 km² 3D and 2D seismic acquired |
Stage 3 1 exploration well |
| Block 7C CôrCôr |
7,136 km² | Stage 1 (extended) 2D commitment completed |
Stage 2 750 km² 3D seismic |
Working interests: Supernova Energy 90%, Petroguin 10% (carried).
What we are offering
- Interest and operatorship of both blocks.
- Carry of Supernova through a credible exploration programme.
- Proportional refund of past costs.
Upcoming work obligations
From 3 October 2028, under the Joint Venture Agreements
| Licence | Obligation | Period |
|---|---|---|
| Block 7B Garoupa · Stage 3 |
1 exploration well | Oct 2028 – Oct 2030 |
| Block 7C CôrCôr · Stage 2 |
750 km² 3D seismic | Oct 2028 – Oct 2030 |
Fiscal terms
Contract stability
Petroguin, the national oil company, oversees oil and gas activity in Guinea-Bissau and acts as both concessionaire and commercial partner in the licences. The transitional government formed after the November 2025 elections has honoured Petroleum Law No. 4/2014 and the Joint Venture Agreements, including the licence extensions granted in 2026. New elections are planned for December 2026.
Interested parties can access the data room after signing a confidentiality agreement.