FAR reports it has picked up an additional 10% in offshore blocks A2 + A5, total 2,682 sq km in the MSGBC Basin, giving it a 50% stake whilst retaining operatorship. FAR's release also advises the govt has issued it new 3+2+2 year contracts for A2 + A5, in which FAR + Petronas hold equal equity. Commitments include a well in 2 years in either block (planned 2020) and record 450 sq km of 3D seismic in 3 years (planned for late 2019).
FAR has picked up an additional 10% in offshore blocks A2 + A5, (total 2682kmÂ²), giving it a 50% stake whilst retaining operatorship. FAR's release also advises the govt has issued it new 3+2+2 year contracts for A2 + A5, in which FAR + Petronas hold equal equity.