The government of Guinea Bissau is promoting open exploration acreage through state company Petroguin. The licensing authority is the Ministry of Natural Resources but contracts are negotiated on behalf of the state by Petroguin. Petroguin will hold a stake in every permit. The government intends to have a competitive bidding process for acreage awards but no formal bid rounds are organized.  Interested parties should contact Petroguin:  Caixa Postal 387  Bissau  Director of Marketing and Business Development: Celedonio Placido Vieira  Tel: +245 966 63 80 60  Email: ceplavi@petroguin-ep.com  Â   The available open blocks as of November 2018 are listed in the table below.  Six blocks are available.  There were no changes in the list compared to the previous one.   Â   Total open acreage amounts to 32,489 sq km, of which 17,078 sq km is onshore and 15,411 sq km is offshore deep water.   Â           Open blocks         Â          Â          Â              Block Name         Area (sq km)         Situation         Block Basin             Block 2 Onshore         4,993            Bove-Senegal Basins (Senegal M.S.G.B.C. Basin)             Block 4 Onshore         4,820            Bove Basin             Block 5 Onshore         7,265            Bove Basin             Block 5C         2,468            Senegal (M.S.G.B.C.) Basin             Block 6C         5,783            Senegal (M.S.G.B.C.) Basin             Block 7C         7,160            Sierra Leone Deep Sea Basin
The government of Guinea Bissau is promoting open exploration acreage through state company Petroguin. The licensing authority is the Ministry of Natural Resources but contracts are negotiated on behalf of the state by Petroguin. Petroguin will hold a stake in every permit. The government intends to have a competitive bidding process for acreage awards but no formal bid rounds are organized.