Editing Guinea (section)

=== Oil ===
In 2006, Guinea signed a [[production sharing agreement]] with Hyperdynamics Corporation of [[Houston]] to explore an offshore tract, and was then in partnership with [[Dana Petroleum]] PLC ([[Aberdeen]], United Kingdom). The initial well, the Sabu-1, was scheduled to begin drilling in October 2011, at a site in approximately 700&nbsp;metres of water. The Sabu-1 targeted a 4-way [[anticline]] prospect with [[upper Cretaceous]] sands, and was anticipated to be drilled to a total depth of 3,600&nbsp;meters.<ref>{{cite web |url=http://investors.hyperdynamics.com/releasedetail.cfm?ReleaseID=600343 |title=Hyperdynamics Corporation – Jasper Explorer Drill Ship En Route to Hyperdynamics' First Exploration Drilling Site Offshore Guinea |website=Investors.hyperdynamics.com |access-date=23 July 2017 |archive-url=https://web.archive.org/web/20110914023859/http://investors.hyperdynamics.com/releasedetail.cfm?ReleaseID=600343 |archive-date=14 September 2011 |url-status=dead }}</ref>

Following the completion of exploratory drilling in 2012, the Sabu-1 well was not deemed commercially viable.<ref>{{cite web|url=http://www.offshore-technology.com/news/newshyperdynamics-completes-drilling-of-sabu-1-well-offshore-guinea-conakry|title=Hyperdynamics completes drilling at Sabu-1 well offshore Guinea-Conakry|website=Offshore-technology.com|date=14 February 2012|access-date=3 February 2015|archive-url=https://web.archive.org/web/20150203115227/http://www.offshore-technology.com/news/newshyperdynamics-completes-drilling-of-sabu-1-well-offshore-guinea-conakry|archive-date=3 February 2015|url-status=live}}</ref> In November 2012, Hyperdynamics subsidiary SCS reached an agreement for a sale of 40% of the concession to [[Tullow Oil]], bringing ownership shares in the Guinea offshore tract to 37% Hyperdynamics, 40% Tullow Oil, and 23% Dana Petroleum.<ref>{{cite web|url=http://www.tullowoil.com/index.asp?pageid=137&newsid=805|title=Tullow Oil Agrees Farm-in to Guinea Concession|website=Tullowoil.com|access-date=3 February 2015|archive-url=https://web.archive.org/web/20150203120232/http://www.tullowoil.com/index.asp?pageid=137&newsid=805|archive-date=3 February 2015|url-status=dead}}</ref> Hyperdynamics will have until September 2016, under the current agreement, to begin drilling its next selected site, the Fatala [[Cenomanian]] [[turbidite]] fan prospect.<ref>{{cite web|url=http://www.hyperdynamics.com/guinea_project.htm|title=Overview of the Guinea Project|website=Hyperdynamics.com|author1=Hyperdynamics|access-date=3 February 2015|archive-url=https://web.archive.org/web/20150203114454/http://www.hyperdynamics.com/guinea_project.htm|archive-date=3 February 2015|url-status=dead}}</ref><ref>
{{cite web|url=https://doc.research-and-analytics.csfb.com/docView?document_id=x548038&serialid=6XKHhijcT%2B6Xg1jfyFmVuwQySL6HHtJCNiU0UlOijDA%3D|title=Tullow Oil|date=21 January 2014|work=Equity Research|publisher=Credit Suisse|page=15|author1=Thomas Adolff|author2=Charlotte Elliott|access-date=24 August 2016|archive-url=https://web.archive.org/web/20161017122251/https://doc.research-and-analytics.csfb.com/docView?document_id=x548038&serialid=6XKHhijcT%2B6Xg1jfyFmVuwQySL6HHtJCNiU0UlOijDA%3D|archive-date=17 October 2016|url-status=live}}
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