PetroNor’s bid to avoid arbitration over a licence dispute with Senegal has failed.
Senegal and Oslo-listed PetroNor have reached an agreement to suspend arbitration for six months in a dispute focused on two offshore blocks.
Senegal is officially launching its licence round on January 31, with applications required to be in by July 31.
Senegal has launched its licence round the Africa Oil Week conference in South Africa, although it faces criticism from one company for offering a disputed block.
African Petroleum said today that it had been unable to resolve a dispute with Senegal over two petroleum sharing contracts.
African Petroleum has kicked off arbitration proceedings against Gambia over its rights to two offshore licence.
Gambia's energy minister said today that the country would seek legal advice on its dispute with African Petroleum (AP) over two exploration licences, a news report said.
An oil firm has denied claims a West African country has been stripped of two exploration blocks.
Independent oil and gas exploration firm African Petroleum has extended an exclusivity agreement regarding the farm out of its operated licenses in Senegal and the Gambia.