The ministry of Petroleum in partnership with Norwegian seismic company TGS has started a 3D seismic survey offshore The Gambia. The survey which has started on the 16th April 2020 will last for over two months. Mr Jerreh Barrow Commissioner of Petroleum, ministry of Petroleum says data management is at the core of Ministry’s Exploration Policy adding that this project is the single largest seismic data acquisition project in the Gambia.
Australian oil and gas company FAR Limited has suspended its plans to drill an exploration well offshore The Gambia as a result of the coronavirus pandemic and the government has closed its borders. FAR Limited is the operator of the A2 and A5 blocks located offshore the Gambia and has been preparing to drill an exploration well in the second half of 2020, but these plans now need to be adjusted as a result of the COVID-19 pandemic.
Delegates pose after MoU signing to train GNPC Geoscientists and Petroleum Engineers In pursuant to the goal of the Board of Directors and Management of the Gambia National Petroleum Corporation (GNPC), to forge strategic partnerships with other National Oil Companies to study and adapt “Best Practice” and build the capacities of the Board, Management and Staff, a delegation was sent to Malaysia to sign an MoU with PETRONAS owned institutions in preparation for the exploratory activities by the Licensees which are scheduled for 2020 and 2021.
The Ministry of Petroleum and Energy of the Republic of The Gambia (“MOPE”) responsible for administration and regulation of petroleum operations in The Gambia, is also mandated to grant licences for Petroleum Exploration, Development and Production, by the Petroleum Act, 2004.
Gambia National Petroleum Corporation and British Petroleum Exploration (Gambia) Ltd, on Tuesday 23rd July 2019 signed a Joint Operating Agreement for Block A1 License. This JOA marks the first involvement of the National Oil Company as partner on an oil license in the history of The Gambia. GNPC as Government Licensee has been assigned a 10% Participating Interest in the license. The JOA defines the operational boundaries of the BP-GNPC relationship.
The Ministry of Petroleum & Energy of The Republic of The Gambia is pleased to announce the official licensing of Offshore Block A1 to BP Exploration (Gambia) Ltd. a subsidiary of BP Exploration Operating Company Limited. This license provides the necessary legal framework for the Exploration of the A1 acreage, the eventual development of fields (upon the discovery of hydrocarbons) and the ultimate production of Oil and/or Gas from Block A1.
The Ministry of Petroleum and Energy as part of its effort to transparently license Gambia’s open blocks as well as reach a broad spectrum of International Oil Companies in order to get the right deal for the Gambia