en.Wedoany.com Reported - Eni has signed an oil and gas exploration agreement with Guinea's Ministry of Water and Hydrocarbons covering 15 offshore blocks in the country. The agreement grants Eni exploration permits across offshore blocks A4, A5, B4, B5, C3, C4, C5, D2, D3, D4, E2, E3, E4, F2, and F3, covering an area of approximately 49,089 square kilometers. The permit is valid for one year, with an option to extend for an additional year.

Eni signed similar agreements with Sierra Leone in November 2025 and with Equatorial Guinea in February 2026. This agreement marks the end of a prolonged stagnation in offshore exploration in Guinea and highlights the growing industry interest in the MSGBC basin, which spans Mauritania, Senegal, Gambia, Guinea-Bissau, and Guinea.

Major discoveries in the region include Senegal's Sangomar and the Greater Tortue Ahmeyim field on the Senegal-Mauritania border, which have increased interest from giants such as Chevron, ExxonMobil, and TotalEnergies in West African exploration assets. Eni operates multiple upstream assets in West Africa, involving projects in the Republic of Congo, Angola, Ghana, and Côte d'Ivoire. The company's Baleine oil and gas development project in Côte d'Ivoire has become one of the most significant hydrocarbon projects in the region in recent years.

Guinea is a major producer of bauxite, iron ore, and gold, but currently has no oil production or refining facilities. According to S&P Global data, the country imported 71,000 barrels per day of fuel in May 2026.

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