Offshore oil miss fails to dent Gambian optimism
The West African country’s most recent effort to find offshore oil came up short, but explorers hope to drill more wells in 2019
The first offshore well drilled in The Gambia in four decades found more water than oil and has been abandoned. But both the drillers and the Gambian government remain optimistic that the block's proximity to big oil finds off central Senegal means it could yet prove oil-rich. Australian independent Far drilled the Samo-1 well in the A2 permit area in partnership with Malaysia's Petronas, touting a prospective resource of 825mn barrels in the area. But Far said in November that wireline logging data indicated the main target horizons in the well, which was drilled to a total depth of 3,240m, were water-bearing. The government has extended Far's current licence to June 2019 to allow for furth
Also in this section
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
