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.
Panoro Energy has struck a deal to sell its stake in Nigeria’s OML 113 to PetroNor E&P.