International Oil Companies Express Interest in The Gambia

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International oil companies express interest in The Gambia

By Kaddy Coll
 The President of The Gambia Adama Barrow has explained that major international oil companies have expressed interest in exploring and commercializing our hydrocarbon potential. 
 
He was speaking at a recent gathering with the law makers in Banjul at an occasion called the “State Of Our Nation”.

The President highlighted that the licensing of offshore blocks of A2 and A5 are required in order to drill an exploration well before end of 2018. He added that in spite of this, the regulatory instruments of the Petroleum Products Act, 2016 have been validated and sent to the Ministry of Justice for finalization. He said these tools will be utilized to standardize the downstream sector as a source of revenue. 

On energy, President Barrow explained that NAWEC is implementing a number of projects which includes operation of a new 11 MW power plant at Kotu Power Station, funded by BADEA and OFID, and estimated at US$22.32 Million. He said the replacement of a 9MW generator at the Brikama Power Station, through funding from the World Bank, is ongoing.

However, he said among projects underway is an additional US$24 Million 20MW project in Brikama, funded by the Islamic Development Bank, which he said the implementation and construction works are expected to end by the first quarter of 2019.

“In partnership with the World Bank and the European Union, Government plans to implement a project entailing installation of solar panels for all our schools and health facilities, as well as upgrading and rehabilitation of the existing dilapidated infrastructure,” he pointed.

Nevertheless, Barrow stressed that the second phase of the successful partnership with SENELEC of Senegal, reported before, will interconnect the Karang/Amdalai border to supply power to Barra and its catchment areas.

He says the project has begun to replace existing asbestos pipes, drilling of new boreholes and expansion of the water network to undeserved areas.


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