BP skips Gambian exploration with cash payment
- Date: 12-Aug-2021
- Source: Energy Voice
- Sector:Financial Services
- Country:Gulf
BP skips Gambian exploration with cash payment
BP has agreed to pay cash to The Gambia in order to avoid the drilling of an exploration well on Block A1.
The company has now relinquished the block and The Gambia will begin offering it to interested parties.
A statement from the Ministry of Petroleum and Energy said that the agreement with BP had been “amicably settled”. This resolved BP’s “outstanding commitment to drill an exploration well”.
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