Chevron Corporation today announced its official entry into Guinea-Bissau, marking a significant step in the company’s strategy to expand its exploration and development footprint in West Africa.

Under a newly signed agreement with the Government of Guinea-Bissau, Chevron will acquire exploration and production rights in key offshore blocks along the country's Atlantic coast. The agreement aligns with Guinea-Bissau’s efforts to attract international investment into its emerging energy sector while advancing sustainable economic growth.

The partnership will include commitments to local workforce development, environmental protection, and community investment programs designed to strengthen education, infrastructure, and economic opportunities in Guinea-Bissau.

“Chevron is happy to begin a new chapter with Guinea-Bissau, in alignment with our exploration strategy of adding high-quality acreage to our global portfolio,” said Liz Schwarze, Chevron’s Vice President of Exploration, following a signing ceremony in Bissau alongside Petroguin General Director, Celedonio Vieira.

Chevron’s operations in Guinea-Bissau will focus initially on offshore exploration, leveraging the company’s technical expertise in deepwater projects across West Africa, where it has a longstanding presence in Nigeria, Angola, and Côte d’Ivoire.

KeyFacts Energy: Chevron Guinea-Bissau country profile   l   News archive: Guinea Bissau