The industry is regulated by the Ministry of Natural Resources and Industry. The national oil company of Guinea Bissau is PetroGuin. There have been intermittent drives to promote the offshore and a number of international companies have been involved in offshore exploration during the last 40 years. Amongst them number Esso, Elf, Pecten, Lasmo, Sipetrol of Chile, West Oil, Sterling Energy, Benton Oil and Gas and Petrobank Energy and Resources.
Guinea Bissau has exploration and production and deepwater exploration. Oil and Gas activities include oil and gas, exploration, production, drilling in the following region, Bissau.