Exploration & Production

African Petroleum seeks mediation over Senegal dispute

African Petroleum’s appeal against the repossession of its Senegalese blocks has put the spotlight on the country’s management of its upstream sector African Petroleum’s appeal against the repossession of its Senegalese blocks has put the spotlight on the country’s management of its upstream sector.
By Felix Janvrin 2 July 2018 0 31546
Senegalese President Macky Sall, right, with his French counterpart Emmanuel Macron. (PA)

UK independent African Petroleum (AP) has lodged an appeal at the International Centre for the Settlement of Investment Disputes (ICSID) regarding two blocks repossessed by the Senegalese government two years ago. 

The arbitration proceedings, which concern the company’s Rufisque Offshore Profond (ROP) and Senegal Offshore Sud Profond (SOSP) licences, are expected to heighten scrutiny over Senegal’s public management of its burgeoning petroleum industry.

AP said in a statement on Monday that it had issued documentation to the ICSID “in order to protect its interests in the ROP...