News listings

energy-pedia licensing

Gambia flagGambia

Middle East / Africa >>> Gambia

Gambia: PetroNor E&P provides update on the A4 license in the Gambia


15 May 2024

Photo - see caption

 PetroNor E&P has provided an update regarding its A4 licence in The Gambia.

On 18 November 2022, PetroNor and its partner, The Gambia National Petroleum Corporation ('GNPC'), exercised rights to continue with the Petroleum, Exploration, Development and Production Licence Agreement ('PEPLA') for the A4 licence in The Gambia. The terms of the PEPLA comprised two phases of 18 months period in the Initial Exploration Period.

PetroNor is pleased to announce that it has agreed with the Government of The Gambia to extend the first phase of the Initial Exploration Period from 18 months to 36 months. A reduced cost for rental, training and minimum work program has been agreed for the extended period.

At the end of the extended period by 13 November 2025, the Company will have the option to continue into the second phase of the Initial Exploration Period with a commitment to drill an exploration well or exit the agreement.

It remains the Company and GNPC’s strategy to form a strong partnership with others to drill the identified prospects. The results of the nearby exploration program in Guinea-Bissau focused on a similar play concept expected to be drilled during 2024 are awaited with interest.

Original announcement link

Source: Petronor E&P





Bookmark and Share


A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.


Subscriber Only Deals

Current Deals

Current Upstream Deals: 195

Completed Deals

Completed Upstream Deals: 6640

Company Profiles

Current Company Profiles: 2932

Corporate Activity

Current Corporate Activity articles: 4197

Companies Looking

Current number of articles: 466

Company Sales

Current Company Sales articles:1674

Geostudies

Current Geostudies articles: 1003

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...


energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...



energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...

Subscribe

Subscribe to the FREE
energy-pedia Daily Newsletter
Subscribe

OPC
Bayphase
energy365
Merlin
Syntillica
Rose & Assocs
Borchwix
Union Jack Oil 149
Telos NRG
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans
UNITED KINGDOM

Tel: +44(0)1727 822675

Email: info@energy-pedia.com