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Guinea-Bissau: Svenska plans deep-water well

Svenska Petroleum Exploration has given Aberdeen-based Exceed a well-management contract for Guinea-Bissau’s first deep-water exploration well. The 12-month contract is valued at around $4m and follows a similar contract for Australia’s Far offshore Gambia. Far has a 21.4% stake in Svenska’s blocks 2, 4A and 5A in Guinea-Bissau.

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