The Gambia’s Minister of Petroleum & Energy will shape dialogues around how the west African country is boosting investments across the upstream sector at AEW 2022

Gambian Petroleum & Energy Minister to Promote Upstream Opportunities at African Energy Week (AEW) 2022

The African Energy Chamber (AEC) is proud to announce the participation of Honorable Abdoulie Jobe, Minister of Petroleum & Energy of The Gambia, at the African Energy Week (AEW) conference and exhibition – Africa’s leading investment platform for the energy sector which will take place from 18 – 21 October 2022, in Cape Town. Representing one of Africa’s fastest growing frontier upstream destinations, Hon Jobe will be coming to Cape Town to make a strong play for upstream investment across The Gambia’s high potential oil and gas market.

Petroleum & Energy With The Gambia targeting new foreign direct investment across the oil and gas industry to accelerate exploration activities whilst fast-tracking infrastructure and project development, AEW 2022 provides an ideal platform for the minister to promote the vast opportunities present across the west African country’s expanding hydrocarbons market. To date, favorable fiscal terms, an investor-friendly climate and the presence of hydrocarbon-rich basins have driven massive investments as well as the launch of large-scale exploration campaigns by international companies including bp, PetroNor, Tullow Oil, Petronas, FAR, Woodside and Kosmos Energy – resulting in the discovery of 1.5 billion barrels of potential oil in the Panthera, Jatto and Malo prospects.

What’s more, the anticipated launch of The Gambia’s second licensing round in 2022 – opening up five offshore and two onshore blocks for exploration – is expected to increase investment as well as international company participation further, while fast-tracking the exploitation of hydrocarbons for energy security in Africa. Additionally, the presence of massive oil and gas reserves in neighboring basins such as in Mauritania and Senegal not only boost investor confidence in the country but positions The Gambia as an ideal exploration hub for companies seeking to make major discoveries such as those in the Greater Tortue Ahmeyim and Yakaar-Teranga developments. Accordingly, the sector is ripe for investment and during AEW 2022, insight into such opportunities will be provided for by the minister.

Source: This news is originally published by africa-newsroom

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