CAMAC gets deepwater blocks in Gambia

摘要

THE GAMBIA HAS formalised two previously awarded petroleum exploration, development, and production licenses to offshore Blocks A2 and A5 to CAMAC Energy Inc. The blocks cover a combined 2,666 sq km in 600-1,000 m of water east of deepwater Blocks Al and A4 operated by African Petroleum Corp. CAMAC Energy is the operator with a 100 per cent interest in each block. The Gambia National Petroleum Co has the right to elect to participate up to a 15 per cent interest following approval of a development and production plan. CAMAC is responsible for all expenditures prior to such approval even if GNPC elects to participate.