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Ministry of Petroleum

MOP Contact Address:
Ministry of Petroleum

Website

Banjul area office
Bertil Harding Highway
Kotu
The Gambia, West Africa

Tel no: +220 880 6317
                      8806315
Fax:               820 0896

Email: info@mop.gov.gm


Background Information:
The Ministry of Petroleum & Mineral Resources is responsible for petroleum exploration, development and production of crude oil in The Gambia. There exists a number of petroleum exploration and overseas foreign investment opportunities in Gambia's offshore oil reserves.

One of the departments main objectives is to promote the participation of local business people, ordinary Gambians and companies in the upstream investment opportunities and and capital joint ventures to ensure that The Gambia obtains the maximum achievable benefits from its crude oil resources.

The ministry further aims to promote increased production and exploration activities in the onshore frontier areas by providing globally competitive incentives for foreign investors.

One offshore well (Jammah 1) and two onshore oil wells;

Offshore 2D reflection seismology survey data 118 lines, 4,883 sq. km;

Offshore 3D seismic data 502 sq. km;

Geological and geophysical reports on all programmes available;

Onshore 2D data 330 km.

Licence Conditions:
Six year oil exploration period (negotiable);

30 year license term, can be extended by another 10 years;

Licensing available through exclusive negotiations;

Import duty exemption on exploration equipment;

Zero payroll tax prior to the start of the initial development and production phase;

Flexible terms and conditions;

Oil drilling licences can be awarded on a 100% basis and joint oil ventures permitted;

Gambia National Petroleum Company gets 10% government involvement;

Work commitment provided by company and negotiable but more seismic particularly 3D and drilling are encouraged.
 
 
 
       
 

 
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