Petrosen ups stake in deepwater Sangomar oil area
MELBOURNE, Australia – State oil company Petrosen has taken up an option to increase its stake in the Sangomar Exploitation Area offshore Senegal from 10% to 18%. As a result, FAR’s interest will fall from 15% to 13.67%. Petrosen must now reimburse the other co-venturers for their pro-rata shares of the 8% of expenses incurred on the Sangomar …
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