OVL acquires Australia's FAR Ltd stake in Senegal block for $45 mn

The Sangomar Field, currently under development, is located in the deep waters of Mauritania, Senegal, Gambia, Guinea-Bissau and Guinea-Conakry Basin (MSGBC Basin), Offshore Senegal, covering an area of 772 sq. kms. and is planned to go on production in 2023 under Phase-1 development, ONGC Videsh said.

from Energy-Industry-Economic Times https://ift.tt/3ne2QjS