Oslo-listed PetroNor E&P (formerly African Petroleum) plans to start drilling within the next year on shallow water blocks it bought in November from Svenska Petroleum Exploration Guinea Bissau, which gave it operatorship of the Sinapa (Block 2) and Esperança (Blocks 4a and 5A) licences. The positive mood follows government approval of the takeover, which gives PetroNor a 78.57% stake in the licences.
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