The country is hoping to follow in the path of its 2012 bid round which drew $1.5 billion in investment from global explorers including France’s Total, the UK’s BP and BG Group, officials with state oil company Ancap said at the 21st Annual Petroleum Congress.

“We are seeing lots of prospectivity in deep-water areas,” Bruno Conti, exploration geologist with Ancap, told an audience at the event.

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