African Petroleum in offshore Gambia farm-out talks

Offshore staff

LONDONAfrican Petroleum has signed a letter of intent with an unnamed international E&P company.

This is a non-binding proposal concerning the possible acquisition of interests in licenses A1 and A4 offshore The Gambia. African Petroleum currently holds 100% of both blocks.

It is conditional upon confirmation of the government of an extension of the exploration periods in both cases of at least 12 months.

11/02/2016

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

Shell Leverages Data to Transform from Reactive to Predictive Operations

This 6-page report describes how Shell engaged in a massive project with OSIsoft to transform the...

Selection, Use, Care and Maintenance of FR Clothing

For industries operating in an inherently dangerous environment, the importance of selecting the ...

Evolution or Revolution: IT / OT convergence means a world of possibilities

The oil and gas industry is experiencing a rapid paradigm shift in regards to digital transformat...

Predict, Prescribe, Profit: Creating a World that Doesn't Break Down

What are you doing to reduce unplanned downtime at your plant? Equipment breakdowns and process i...