UAE group Kampac Oil wins oil concession in Senegal

Dec 28, 2004 01:00 AM

Kampac Oil, a part of the Jebel Ali-based oil traders Kampac Group, have won an oil concession in the West African state of Senegal, it has been announced.
Kampac Chairman Charles Ampofo said that the concession agreement, signed with the Senegalese national oil company, Petrosen, on December 17, was for an exploration and production sharing contract covering the Louga onshore block, in northern Senegal and adjacent to the border with Mauritania.

The Louga block, where two wells have already been drilled, includes the Toundou basin, where other prospects for drilling have already been identified.
Offshore Mauritania has emerged as a major new oil and gas province in recent years, while exploration for oil and gas is also under way in Senegal's St Louis block, immediately offshore from the Kampac concession.

Ampofo said that Kampac was already in discussion with several potential partners interested in participating in studies of the Louga block.
Kampac, which has been established for 18 years, primarily as an oil trader, has offices in 13 countries in five continents. It has also recently obtained an oil concession in Niger, also in West Africa.

Source: Emirates News Agency
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