Petroleum Africa
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Friday, April 27, 2018
Jerreh Barrow, Commissioner for Petroleum at the Gambian Ministry of Petroleum, speaking on behalf of Minister Fafa Sanyang at the 11th Annual Sub Saharan Africa Oil & Gas Conference in Houston, hosted and Organized by Energy & Corporate Africa, said that Gambia is committed to putting petroleum legislation in place that is conducive to attracting investment, and creating a sustainable future for Gambians.
The country is in the midst of putting together its petroleum industry policies and is planning on licensing six blocks very soon. Barrow said government understands that “terms must be adaptable to our realities.”
Local content is high on the list of priorities for the Gambian Ministry of Petroleum and Energy. The Ministry has sent delegations to both Ghana and Nigeria to observe what programs and policies its West African neighbors are implementing in their goals to become sustainable and self-sufficient, and to see what is working and what is not. “We can’t afford to make mistakes of the past,” Barrow said.
Barrow also stressed the country’s ongoing pursuit of knowledge so that they can develop policies that will help assure international oil companies that Gambia is a partner they can work with. “Our growing knowledge will determine negotiations and contract terms in the future,” he said when elaborating on what the country is doing to make Gambia attractive to investors.
Australian firm Far Ltd. holds two licenses in the country for Blocks A2 and A5 in the highly prospective Mauritania-Senegambia-Guinea-Bissau-Conakry (MSGBC) Basin. The company recently announced its intention to spud a well later this year.
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