Stockholm-based Svenska Petroleum and its Australian partner Far Ltd are preparing plans to drill a wildcat off Guinea-Bissau next year, write Barry Morgan and Iain Esau.

After securing fresh licence terms last year and clarifying their working interests in two licences, the partners are “looking to drill most likely in 2019”, said Ben Clube, Far’s chief operating officer.

Speaking at the AAPG’s Appex Global event, he said the 470-million-barrel Atum prospect in the Block 2 Sinapa licence is their preferred target and is a shelf-edge prospect similar to Cairn Energy’s SNE discovery in Senegal.