Gambia: PetroNor settles arbitration


Issue 423 - 24 Sep 2020

Oslo-listed PetroNor has reached an out-of-court settlement with the government of Gambia on its dispute over the licences for blocks A1 and A4. African Petroleum, which merged with PetroNor in 2019, filed an arbitration case at the International Centre for the Settlement of Investment Disputes after the government cancelled the licences and awarded A1, which lies immediately to the south of Cairn Energy’s SNE and Fan discoveries offshore Senegal, to BP.

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