The Ministry of Petroleum and Energy, the Gambia, has launched the licensing round for Block A1 and the deadline for submission of bids is the 6 June 2022
The request for proposal (RFP) is available for download on the Ministry of Petroleum's (Ministry) website. Bidders will be required to submit bids electronically through a data room platform.
“Our key objective in designing the licensing round is to ensure an attractive fiscal regime with low entry conditions for bidders, transparent procurement process and participation rules, and clear technical and financial minimum qualification criteria. In accordance with best practice there will be one biddable term, which is further explained in RFP,” said the permanent secretary at the Ministry of Petroleum and Energy, Lamin Camara, the Gambia.
Jerreh Barrow, director general of Petroleum Commission, the Gambia, added, “Our government team has the necessary experience and is well prepared to repeat the success of the 2018 licensing round, and to once more, start and finish the licensing round within the timeframe (February 2021 to June 2022) announced.”
“The Government wishes to seize this opportunity to thank BP for their strong collaboration during the past two years and their excellent technical work on the block. We are excited to open our doors again to the international oil community, and look forward to working with a new partner in Block A1,” said Fafa Sanyang, minister of petroleum and energy.
