Svenska Petroleum Awards Guinea Bissau Well Management Contract

Sweden's Svenska Petroleum reported Monday that it has engaged AGR Well Management Limited to plan, manage and execute Svenska's upcoming exploration campaign offshore Guinea Bissau.

The contract includes provision of full well management and associated services, including drilling engineering and planning services, supply chain management and operations support for Svenska’s drilling campaign on its operated Block 2 and Block 5A licenses.

Beginning in the final quarter of 2013 the campaign will include a minimum of one firm well with the option of two additional exploration wells, depending on results.

Svenska Executive Vice President Jan Hagen commented in a company statement:

"This program shows Svenska's continuing commitment as operator with its co-venturers to maintain active levels of exploration offshore Guinea Bissau."





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