Gambia reinstates African Petroleum’s offshore licenses

Offshore staff

LONDONAfrican Petroleum has entered into an agreement with the government of the Republic of the Gambia to reinstate the company’s offshore licenses.

Terms for the Alhamdulilah license block A1 and license block A4 include resolving all prior issues and the discontinuation of arbitration proceedings.

In addition, African Petroleum has agreed to a revised initial exploration period that will expire on Sept. 1, 2016. Prior to this date it has committed to drill one exploration well and to reprocess 3D seismic on block A4.

The company has a 100% interest in the licenses through its wholly owned subsidiaries African Petroleum Gambia and APCL Gambia.

12/08/2014

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...