In Senegal, the Company reserves its rights to the 90% operated working interest in exploration blocks Rufisque Offshore Profond (“ROP”) and Senegal Offshore Sud Profond (“SOSP”) (together the “Senegal Licences”). The National Oil Company Petrosen, holds the remaining 10% equity. The Company’s Senegal Licences are located offshore southern and central Senegal, with a net acreage of 14,216 km2. PetroNor E&P is currently in ICSID arbitration with the Government of Senegal with respect to the licences.Read about our Senegal operations
The Company has entered into the licence of OML 113 following the purchase of a previous licence partner's interest in addition to entering into an SPV with the licence operator in late 2019.
The Aje oil and gas field, located about 24 Km from the coast in water depths ranging from 100 to 1,000 meters.Read about our Nigeria operations