Petronor seeks new Guinea-Bissau partner

Australia’s Far is withdrawing from the joint venture

Norwegian independent Petronor is looking for a new partner for its exploration prospects in Guinea-Bissau, after ASX-listed Far announced its withdrawal from the country. The Norwegian firm operates the Sinapa (block 2) and Esperanca (blocks 4A and 5A) projects with a 78.57pc stake, while Far holds the remainder. The Australian firm says "joint efforts to collaboratively farm-down have been unsuccessful”, but Petronor says it “remains very positive” about the Sinapa licence in particular, which is “directly analogous” to Senegal’s Sangomar development. The Sinapa block’s 2C resources total 13.4mn bl oe. The Norwegian firm says it is “awaiting formal correspondence regarding Far’s intended w