Middle East / Africa

Gambia flag
Summary | Profile

Country profile: Gambia

Location: Western Africa, bordering the North Atlantic Ocean and Senegal
Climate: tropical; hot, rainy season (June to November); cooler, dry season (November to May)
Terrain: flood plain of the Gambia River flanked by some low hills
Size: 11300 sq. km total (Land area: 10000 sq. km  Water area: 1300 sq.km)
Population: 1,501,050 (July 2003 est.)
Languages: English (official), Mandinka, Wolof, Fula, other indigenous vernaculars
Government: republic under multiparty democratic rule
Capital city: Banjul
Legal system: based on a composite of English common law, Koranic law, and customary law; accepts compulsory ICJ jurisdiction, with reservations
Currency: dalasi (GMD)
Licensing:

Country profile

The Gambia gained its independence from the UK in 1965; it formed a short-lived federation of Senegambia with Senegal between 1982 and 1989. In 1991 the two nations signed a friendship and cooperation treaty. A military coup in 1994 overthrew the president and banned political activity, but a 1996 constitution and presidential elections, followed by parliamentary balloting in 1997, completed a nominal return to civilian rule.

The country undertook another round of presidential and legislative elections in late 2001 and early 2002. The Gambia is one of the 15 countries that make up the Economic Community of West African States (ECOWAS). ECOWAS members include: Benin, Burkina Faso, Cape Verde, Cote d'Ivoire, The Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone, and Togo. ECOWAS was created on May 28, 1975 in Lagos, Nigeria. It was established to promote cooperation and integration in order to create an economic and monetary union for promoting economic growth and development in West Africa.

Energy production and consumption


Oil Gas
Production: 1 2001 est NaN 
Consumption: 1,900 2001 (est.) NaN 
Exports: NaN NA (2001) NaN 
Imports: NaN NA (2001) NaN 
Reserves: NaN  NaN 
Major fields:



Gambia - recent news

15 May 24
Gambia: PetroNor E&P provides update on the A4 license in the Gambia
PetroNor E&P has provided an update regarding its A4 licence in The Gambia. PetroNor has agreed with the Government of The Gambia to extend the first phase of the Initial Exploration Period from 18 months to 36 months.
18 Nov 22
Gambia: PetroNor E&P renews A4 Licence offshore The Gambia
PetroNor has decided to exercise its right to continue with the Petroleum, Exploration, Development and Production Licence Agreement ('PEPLA') for the A4 licence in The Gambia.
19 Oct 22
Gambia: PetroNor receives one month extension of Longstop date for the A4 Licence offshore the Gambia
PetroNor has received an additional 30 day extension to the Longstop date of the A4 Licence option in order to provide time for finalisation of plans regarding the future of the Licence, including ongoing discussions with potential partners.
26 Aug 22
Gambia: FAR takes 100 per cent ownership in The Gambia Blocks A2 and A5
FAR has acquired an additional 50% interest in Blocks A2 and A5 offshore The Republic of The Gambia, giving FAR a 100% working interest. The interest was acquired from a subsidiary of PETRONAS. FAR has initiated a process to find partners to fund the forward exploration programme.
29 Mar 22
Gambia: FAR to retain Woodside Contingent Payment for Senegal asset and seeks farmout of its Gambia licences
FAR has determined that retaining the Woodside Contingent Payment for its Senegal asset within FAR is more effective than demerging the payment into a new entity. FAR is now focused on strategies to maximise the value of its exploration portfolio in The Gambia, including farm-out options or outright sale.

Gambia - more news

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