Gambia’s capital, Banjul
Indies seek partners in Gambia
The independent oil and gas firms active in the country’s promising offshore are looking to farm out their assets as they seek to pursue further exploratory and drilling work
ASX-listed independent FAR Limited said in February that it would “commence a farm-down of its interest in [Gambia’s] blocks A2 and A5”, following the results of its latest drilling campaign at Bambo in block A2. The firm is seeking a carry-on for the cost of drilling another well in 2023, as well as contributions to past costs. The Bambo drilling “presented some technical challenges” and is in deep waters, both factors that would likely increase capex costs for any eventual development. FAR operates blocks A2 and A5 with 50pc stakes, in partnership with Malaysian NOC Petronas. Nevertheless, the drilling “confirmed the presence of a prolific oil source in the area” of Bambo in block A2, form
Also in this section
10 December 2024
Sector at economic and strategic crossroads, but clear path ahead for midstream additions
30 November 2024
Decades of turmoil have left Iraq’s vast energy potential underutilised, but renewed investment and strategic reforms are transforming it into a key player in the region
29 November 2024
The country's fifth and sixth oil and gas bid rounds have attracted a range of new players with gas as well as oil ambitions—and there’s a seismic shift in the contracting process
28 November 2024
Iraq is charting a new path for its indigenous resources and its youth, hoping to electrify the future with a mix of reforms and modernisation to fuel growth
