In a statement published on its website last week, the Gambia’s Ministry of Petroleum has announced that 22 oil companies expressed interest in four of the country’s oil blocks in the just-concluded international bidding process.
According to the ministry’s website, ten companies have been shortlisted among them “through an open and transparent process” in its quest to licence six open oil exploration blocks.
“Companies were invited to make a submission on company competencies. Twenty-two companies expressed interest in four blocks,” the statement said, adding that submissions were evaluated and ten companies shortlisted for the next stage.
Below are the names of the shortlisted companies:
• CNOOC INTERNATIONAL
• CNOOC UK
• FAR GAMBIA
• IMPACT OIL AND GAS LTD
• TALON PETROLEUM
• SVENSKA PETROLEUM EXPLORATION AB.
“Given the complexity of the licencing process, the Ministry is being supported by a team of consultants through an African Development Bank funded facility and a multi-institutional national Petroleum Negotiating Committee,” the statement added.
It noted that through this process, the ministry is determined to undertake “a transparent, fair and competitive process in order to get the best value for the country’s potential oil resources.”
The ministry will be launching the Request for Proposal (RfP) as the next stage which will allow the shortlisted companies make proposals on key technical and commercial terms inline with the drafted Petroleum Explorations and Processing Licensing Act (PELPA).