The Petronas/FAR joint venture is plugging and abandoning the promising Bambo-1 oil exploration well offshore The Gambia after interpreting there was no moveable oil.

However oil shows and potential reservoirs were encountered, and the oil shows indicated that further hydrocarbon potential is nearby and in the wider Block A2 and Block A5, said FAR.

Bambo-1 and a sidetrack well were drilled to a total depth of 3317 metres using the drillship Stena IceMax in 930 metres of water depth in Block A2.