Australian independent Far now fully owns two blocks offshore Gambia
Australian indie expands Gambian interests
Far is seeking new partners to advance developments
ASX-listed Far has bought out Malaysian NOC Petronas’ remaining stakes in two blocks offshore Gambia. Far held 50pc of blocks A2 and A5, with Petronas’ PC Gambia subsidiary owning the rest. The Australian independent now owns 100pc of both Gambian blocks. However, development may still be some way off. Far is looking for new partners to farm-in to the project and help fund the future exploration programme. With government approval, and with “certain conditions”, “incoming participants in the joint venture may assume operatorship”, Far says. And the next two-year license term for the blocks is due to start on 1 October, but Far is no longer obliged to drill an exploration well during that per
Also in this section
19 June 2025
Shifting demand patterns leaves most populous nation primed to become downstream leader as China and the West retreat
19 June 2025
The strategic importance of vast untapped oil and gas reserves and key shipping routes has come in from the cold
18 June 2025
Egypt’s government was already preparing for potential energy shortages this summer, and the loss of Israeli gas supply has made things worse
18 June 2025
Eni is joining the first phase of the 30mt/yr ARGLNG, while consortium behind the smaller Southern Energy LNG has reached FID
