Under the deal, which is subject to Sengalese government approvals, ConocoPhillips will earn a 10% working interest by providing funding equivalent to a full carry through a second exploration well.
This well will test multiple stacked targets in a deeper water ‘fan’ play with combined unrisked prospective resources of 936 million barrels.
This is the second farm-in agreement FAR has made on its Senegalese acreage this year.
