The Gambia National Petroleum Corporation is advancing an onshore exploration strategy, with the company recently assuming control of an onshore block aimed at attracting new investors and partners to unlock potential resources in the country.
GNPC Managing Director Baboucarr Njie explained that the corporation has received an onshore block from the Ministry of Energy and Petroleum as GNPC’s own asset. To de-risk what is there, the company needs to collect data to help boost investor confidence. The corporation is building a data room with structured and controlled access and is also looking at above-ground regulations to attract investors.
The strategy coincides with a broader regional drive to advance exploration and production following the launch of the Sangomar and Greater Tortue Ahmeyim developments in 2024 and 2025. As nations look to attract new sources of financing, leadership and regional synchronization are expected to become cornerstones of future development in the MSGBC region.
Source: energycapitalpower.com