PetroGuin and Tender Oil and Gas announced a joint venture to accelerate deepwater exploration in Guinea-Bissau's Blocks 5C and 6C, aiming to unlock the basin's potential and reduce capital intensity barriers. The move comes amid growing investor confidence in West Africa's deepwater frontier, following discoveries in Senegal and Chevron's entry into Guinea-Bissau's deepwater blocks. Under the agreement, PetroGuin and Tender Oil and Gas will conduct a comprehensive seismic campaign, acquiring and interpreting 2D and 3D data to improve subsurface understanding and support future drilling. Alfredo Malú, Director General of PetroGuin, said the partnership would accelerate exploration work in deep offshore areas that previously did not attract much interest due to heavy investment and advanced technologies. He noted, "The discovery in Senegal and Chevron's recent entry into the deepwater blocks in Guinea-Bissau have begun to have an impact, arousing interest in the deep offshore areas of Guinea-Bissau and the subregion." Malú added that the JV aims to enable greater dynamism in the country's oil sector, with the short- and medium-term goal of advancing exploration drilling. By leveraging joint expertise and capital, the JV positions both companies to capitalize on emerging opportunities in Guinea-Bissau's deepwater sector, potentially accelerating drilling timelines and stimulating broader sector activity in the region.