Senegal Revokes Nigerian Firm’s Offshore Licence Over Unmet Terms
Senegal awarded the Cayar Offshore Shallow exploration licence to Atlas Oranto Petroleum in 2008. This Nigerian firm, founded by billionaire Arthur Eze, held the block for nearly 18 years. The area covers about 3,600 square kilometres north of the Dakar peninsula. Additionally the licence aimed to boost oil and gas exploration. However, the company conducted…