FAR assumes operatorship of offshore Senegal blocks

FAR has received formal approval from Petrosen (Senegal's national oil company) to assume operatorship and increase its working interest to 90% under the contract for exploration and hydrocarbon production sharing covering the Rufisque and Sangomar, and Sangomar Deep offshore blocks.

Offshore staff

SUBIACO, Australia -- FAR has received formal approval from Petrosen (Senegal's national oil company) to assume operatorship and increase its working interest to 90% under the contract for exploration and hydrocarbon production sharing covering the Rufisque and Sangomar, and Sangomar Deep offshore blocks.

FAR and its co-venturer Petrosen have acquired one of the largest 3D surveys off the northwest coast of Africa covering an area of over 2,000 sq km (772 sq mi). The company says it has identified several plays and drillable prospects.

01/23/2009

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