FAR withdraws interests in Esperanca Blocks offshore Guinea Bissau
Africa Business Communities
Source: africabusinesscommunities.com
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Sydney-listed FAR said it has already met the minimum financial commitments associated with the license, and there are no 2022 commitments in place.
FAR Limited has commenced steps to withdraw from its interests in the Esperanca Blocks 4A & 5A and Sinapa Block 2 offshore Guinea Bissau. Joint efforts by FAR and operator Petronor to collaboratively farm-down have been unsuccessful.
Australian oil and gas company FAR Limited said Monday it would withdraw from its offshore blocks in Guinea Bissau after failed farm-out attempts…