Eni secures Guinea offshore exploration rights

Eni secures exploration rights offshore Guinea

Guinea

CONAKRY, June 5, 2026 – Eni has signed an oil and gas exploration agreement covering 15 offshore blocks in Guinea, S&P Global reported on Wednesday.

The agreement, signed with Guinea’s Ministry of Water and Hydrocarbons, grants Eni reconnaissance permits across offshore blocks A4, A5, B4, B5, C3, C4, C5, D2, D3, D4, E2, E3, E4, F2 and F3, which cover about 49,089 square kilometres. The permits are valid for one year and can be optionally extended for an additional year.

Eni signed similar deals with Sierra Leone in November 2025 and Equatorial Guinea in February 2026.

The agreement marks the end of a prolonged exploration hiatus in Guinea’s offshore sector and highlights growing industry interest in the MSGBC Basin, which spans Mauritania, Senegal, Gambia, Guinea-Bissau and Guinea.

Major discoveries in the region, such as Sangomar, in Senegal, and Greater Tortue Ahmeyim, on Senegal’s border with Mauritania, have increased interest from majors, including Chevron, ExxonMobil and TotalEnergies, in West Africa exploration assets.

Eni operates multiple upstream assets in West Africa, including projects in the Republic of Congo, Angola, Ghana and Côte d’Ivoire. The company’s Baleine oil and gas development in Côte d’Ivoire has become one of the region’s most significant recent hydrocarbons projects.

Guinea is a major producer of bauxite, iron ore and gold, but does not have any oil production or oil refining facilities. According to S&P Global, the country imported 71,000 bpd of fuel in May 2026.

Photo courtesy of Eni

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