Australia's Far Ltd has entered into a strategic alliance with China's CNOOC Ltd to seek new opportunities on both proven and prospective acreage in an area of mutual interest (AMI) off Senegal and Gambia.
Far said that the AMI agreement targets “selected licences” from the Mauritanian maritime boundary to the southern Casamance border with the Joint Development Zone (AGC) managed by Senegal and Guinea-Bissau, including near-shore Gambian blocks, but excluding Gambia’s ultra-deep."
