Gambia’s capital, Banjul
Indies seek partners in Gambia
The independent oil and gas firms active in the country’s promising offshore are looking to farm out their assets as they seek to pursue further exploratory and drilling work
ASX-listed independent FAR Limited said in February that it would “commence a farm-down of its interest in [Gambia’s] blocks A2 and A5”, following the results of its latest drilling campaign at Bambo in block A2. The firm is seeking a carry-on for the cost of drilling another well in 2023, as well as contributions to past costs. The Bambo drilling “presented some technical challenges” and is in deep waters, both factors that would likely increase capex costs for any eventual development. FAR operates blocks A2 and A5 with 50pc stakes, in partnership with Malaysian NOC Petronas. Nevertheless, the drilling “confirmed the presence of a prolific oil source in the area” of Bambo in block A2, form
Also in this section
28 April 2026
Oil traders warning of $200/bl oil are wrong, and the market should be wary of proclamations that the impact of the oil shortage has only begun to be felt and a that a ‘harsh adjustment’ is coming—even for industrialised nations
28 April 2026
Restoring supply from Saudi Arabia, the UAE, Kuwait, Qatar, Bahrain and Iraq involves complexities far beyond simply adjusting operational controls
28 April 2026
Datacentres will guzzle power at a ferocious rate, but the impact on wider energy markets will be far more complex than previously thought
28 April 2026
The key energy player faces balancing regional routes, political complexities, and creating a clear strategic vision for energy security
