CAMAC Energy has confirmed plans to begin drilling for oil in its allocated oil blocks in the Gambia by 2016, according to local reports.
CAMAC Energy is the only company still in possession of a license to prospect for Gambia’s hydrocarbon resources.
For 2014 CAMAC Energy is reprocessing existing 2D seismic studies, as well as a regional geologic study. Possible 3D seismic surveys are also planned, the energy company said in a statement.
The US-based group also promised to acquire a 3D seismic survey of its licensed oil blocks in Gambia by 2015.
CAMAC Energy signed an agreement for petroleum exploration and production licenses for offshore Blocks A2 and A5 with the government two years ago.
West Africa could be set for another wave of exploration activity as oil and gas independents have taken up positions in some of the relatively less explored countries.
The African Continent’s west coast has long been an oil rich haven for oil companies from the west to exploit, yet now with the continual discoveries of oil rich deposits in the east, companies are turning their attention to countries like Uganda, Tanzania and Mozambique to source large quantities of Africa’s oil reserve.