Developing the SNE field will require capital expenditure of around $4.2 billion, a presentation by Australia’s FAR has said, versus the previous projection of $3bn.
Australian firm FAR said today that drilling had commenced on the Samo-1 exploration well in block A2, offshore Gambia.
Petronas has entered into an agreement to acquire a 40% stake in FAR’s A2 and A5 offshore licenses in Gambia, West Africa.
Australian firm Far today denied claims made in a media report that it was involved in a dispute with UK-based Cap Energy in Senegal.
The Gambian Government has approved Erin Energy’s farm-out agreement with FAR Limited – where FAR will acquire operatorship of two Erin blocks in the Gambia.
Woodside Petroleum said today that its purchase of a stake in Senegalese oil assets had been approved by the West African country.
Australian oil and gas explorer FAR has entered into a farm-in option agreement with a subsidiary of Trace Atlantic Oil for the Djiffere block offshore Senegal.