 
Contact Address Details:
Ministry
of Petroleum
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
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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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