document: 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  The available open blocks as of July 2020 are listed in the table below.  Five blocks are available.  There was no change in the list compared to the previous one.  Total open acreage amounts to 25,330 sq km, of which two thirds (17,080 sq km) is onshore and the rest (8,250 sq km) is offshore deep water.           Open blocks            Â             Â             Â              Block   Name            Area   (sq km)            Situation            Block   Basin             Block   2 Onshore            4,993            onshore            Bove-Senegal   Basins (Senegal M.S.G.B.C. Basin)             Block   4 Onshore            4,820            onshore            Bove   Basin             Block   5 Onshore            7,265            onshore            Bove   Basin             Block   5C            2,468            offshore            Senegal (M.S.G.B.C.) Basin             Block   6C            5,783            offshore            Senegal (M.S.G.B.C.) Basin
summary: (Bove & M.S.G.B.C b.) 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. 