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Subject:
Gambia opens offshore oil exploration for bidding
From:
abdoukarim sanneh <[log in to unmask]>
Reply To:
The Gambia and related-issues mailing list <[log in to unmask]>
Date:
Wed, 8 Dec 2004 23:35:46 -0800
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Gambia opens offshore oil exploration for bidding
Wed Dec 1, 2004 04:39 PM GMT
Printer Friendly | Email Article | RSS    HOUSTON, Dec 1 (Reuters) - Gambia, eager to get off the sidelines of western African energy exploration, opened six offshore blocks for bidding on Wednesday, hopeful companies will explore its Atlantic coastline.
The bidding round for the blocks, which cover 8,000 square kilometers of coastal shelf and deepwater, runs through April 30.
Older seismic data and about 500 square kilometers of new 3-D seismic data on a deepwater section of the first block is available from Western Geco (SLB.N: Quote, Profile, Research) in London and Houston, said Lamin A.M. Njie, the nation's commissioner of petroleum.
He told a small audience at the Corporate Council on Africa's Oil and Gas Forum that his nation, which has seen just one offshore well spudded in its history, has tried to make exploration terms competitive.
"The idea is to make the lease as simple as possible, so investors can easily understand it," he said.

                        var year = new Date()                   document.write('&copy; Reuters ' + year.getFullYear() + ". All Rights Reserved." );                     © Reuters 2004. All Rights Reserved.

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Companies mentioned in this articleData as of 9 Dec 2004 7:30 AM GMT . Delayed at least 15 to 20 minutes.SymbCompanyLastChgChg %SLB.NSCHLUMBERGER LTD62.29+0.04+0.06%
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