29-Jun-2018 Source: HeliHub.com
FAR Gambia Ltd have recently awarded offshore operator NHV a contract for the Provision of Helicopter Transport Services out of Banjul (Gambia). The Belgian based operator has said that they will be using two H155s to cover the work required.
Australian-owned FAR expanded its West African exploration portfolio in March 2017 in the offshore Mauritania-Senegal-Guinea-Bissau Conakry Basin (MSGBC) through a farm-in deal to acquire an 80% working interest and operatorship in two highly prospective offshore blocks, A2 and A5, in The Gambia.
In February 2018, FAR signed a farm-out agreement with PETRONAS, the Malaysian National Oil Company to assign a 40% interest in each of blocks A2 and A5 with FAR retaining a 40% interest. PETRONAS will fund 80% of total well costs of the Samo-1 well which is to be drilled in the Samo prospect in block A2 late 2018. The Samo prospect is assessed by FAR to contain prospective resources of 825mmbbls of oil*. PETRONAS will fund 80% of the total well costs of the Samo-1 exploration well up to a maximum of US$45 million plus cash of US$13.5 million to be paid on government approval. FAR will remain Operator through the exploration phase of the licences and PETRONAS has the right to become Operator for development.
Blocks A2 and A5 are adjacent to and on trend with FAR’s world class SNE oil field discovery and have significant exploration potential. The blocks cover an area of approximately 2,682km² within the rapidly emerging and prolific Mauritania-Senegal-Guinea-Bissau Conakry (‘MSGBC’) Basin. They lie approximately 30km offshore in water depths ranging from 50 to 1,200 metres.
Jeremy Parkin – HeliHub.com