African Petroleum said its looking to international arbitration to protect its assets off the coast of Gambia. After hinting of trouble earlier this week, African Petroleum said it was now pursuing legal routes to protect its assets off the coast of Gambia. The company said that its subsidiaries in Gambia filed requests for arbitration at an international dispute chamber to protect two of its offshore licenses. “We believe arbitration is necessary to protect our interests in these licenses in which we have made significant investment over the years,” CEO Jens Pace said in a statement . Two Gambian blocks combine for an estimated 1 billion barrels of unrisked barrels of oil and are in close proximity to the SNE oil field offshore Senegal, one of the largest finds in recent years. West African countries have been at odds over their […]