Chevron to explore for oil and gas offshore Guinea-Bissau

"Chevron is happy to begin a new chapter with Guinea-Bissau, in alignment with our exploration strategy of adding high-quality acreage to our global portfolio," Liz Schwarze, Chevron's Vice President for Exploration, said in a statement.

Chevron's local unit will be the operator of Blocks 5B and 6B with a 90 per cent working interest in both. Petroguin, Guinea-Bissau's national oil company, holds the remainder.

(Reporting by Wendell Roelf; Editing by Alexander Winning)