AFRICA

Petronas joins The Gambia club

THE Gambia’s government has approved FAR Limited’s February farmout of 40% of two of its offshore leases Blocks A2 and A5 to Malaysian oiler Petronas, though it will retain the same percentage and remain operator of the upcoming well that will appraise the potentially huge Samo prospect. 

Petronas joins The Gambia club

Erin Energy has the remaining 20% and, although it is bankrupt is being carried by FAR.    The well is one of the most anticipated of the year according to analysts like Wood Mackenzie, and the junior...

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