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FAR confirms prolific oil source at Gambia project

FAR confirms prolific oil source at Gambia project

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The Australian oil and gas exploration company, FAR, has announced that a review of the prospectivity of the A2 and A5 blocks offshore The Gambia points to a “prolific oil source”.

The company said the assessment was undertaken following completion of the Bambo drilling campaign at the Gambia project late last year.

Drilling and logging data obtained on the main well and the sidetrack well “confirmed” the presence of a prolific oil source and that oil shows encountered in the drilling were persistent over several hundred metres.

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Bambo-1 and Bambo-ST1 wells also highlighted up-dip potential in the A2 Block, according to FAR.

Samples from the drilling programme were still pending, while further work on mapping the deeper oil-bearing reservoirs continues.

FAR said it intended farming down of its interest in blocks A2 and A5 and seeking a carry on the cost of a well for drilling in late 2023, in addition to a contribution to its past costs.

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