OVL acquires Australia#39;s FAR Ltd stake in Senegal block for $45 million

OVL acquires Australia#39;s FAR Ltd stake in Senegal block for $45 million In a statement, OVL said it has reached an agreement with FAR Senegal RSSD SA, a wholly-owned subsidiary of FAR Limited (FAR), for acquiring 13.6667 per cent participating interest in exploitation area (Sangomar Field) and 15 per cent participating interest in remaining contract area (Exploration Area) of Rufisque, Sangomar Offshore and Sangomar Deep Offshore (RSSD) Block, Offshore Senegal.

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