{"id":18724,"date":"2022-07-09T17:44:01","date_gmt":"2022-07-09T17:44:01","guid":{"rendered":"https:\/\/www.africa-press.net\/gambia\/uncategorized\/gambian-spotlight-session-to-be-held-at-msgbc-oil-gas-power-2022"},"modified":"2022-07-09T18:08:24","modified_gmt":"2022-07-09T18:08:24","slug":"gambian-spotlight-session-to-be-held-at-msgbc-oil-gas-power-2022","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/gambia\/all-news\/gambian-spotlight-session-to-be-held-at-msgbc-oil-gas-power-2022","title":{"rendered":"Gambian Spotlight Session to be Held at MSGBC Oil, Gas &amp; Power 2022"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Gambia. <\/strong><\/span>Energy Capital &amp; Power (ECP) (https:\/\/EnergyCapitalPower.com\/) is proud to announce a key addition to the agenda for this September\u2019s MSGBC Oil, Gas &amp; Power Conference (https:\/\/bit.ly\/3au4kpr) in the form of a Gambian Spotlight session. Offering crucial insight into the country\u2019s second bid licensing round, the session aims to promote The Gambia\u2019s potential as a frontier upstream destination, triggering new foreign investment flows and kickstarting the development of a local oil and gas market.<\/p>\n<p>Confirmed speakers include Jerreh Barrow, Director-General of The Gambia\u2019s Petroleum Commission; Yaya Barrow, Managing Director of the Gambia National Petroleum Corporation (GNPC); Cany Jobe, Director of Exploration and Production at the GNPC; Lamin Camara and Kemo Ceesay, Permanent Secretary and Director of Energy at the Ministry of Petroleum and Energy, respectively; and Nani Juwara, Managing Director at the National Water and Electricity Company (NAWEC), between them offering unparalleled strategic insights into The Gambia\u2019s upstream sector across the board.<\/p>\n<p>Speakers will provide insights regarding the second licensing round while making a strong case for foreign direct investment (FDI) in The Gambia<\/p>\n<p>While it is early days yet for Gambian exploration, regional mega finds including Mauritania\u2019s 13 trillion cubic feet (tcf) of gas in BirAllah, 15 tcf in the transnational Mauritania-Senegal Greater Tortue Ahmeyim development, and 20 tcf in Senegal\u2019s Yakaar-Teranga bode well for The Gambia, especially on the back of Australia-listed, FAR\u2019s discovery of a potential 1.5 billion barrels of oil in blocks A2 and A5, confirmed this year. Already, with six blocks active, The Gambia is anticipating a 5.1% GDP growth this year, and with FAR\u2019s oil find estimates, the five offshore blocks and two onshore blocks to be released in The Gambia\u2019s second licensing round are looking increasingly attractive as prospects.<\/p>\n<p>Presently active in the basin are a competitive slate of global oil majors including Norway\u2019s PetroNor, Britain\u2019s bp, Ireland\u2019s Tullow Oil, Malaysia\u2019s Petronas, America\u2019s Kosmos Energy, Australia\u2019s FAR and Woodside. Now, with seven fresh blocks soon to be up for bidding and FAR announcing a farm-down of its 1.5-billion-barrel potential oil discovery in the Panthera, Jatto and Malo prospects \u2013 three times the size of Senegal\u2019s $4.8 billion Sangomar megadevelopment \u2013 there is a unique opportunity for newer players to enter the nation\u2019s resource-rich fields.<\/p>\n<p>During the roundtable spotlight session, speakers will provide insights regarding the second licensing round while making a strong case for foreign direct investment (FDI) in The Gambia. Specifically, with FDI on the rise, Gambia\u2019s citizens are set to benefit \u2013 the country has ensured an integrated system of corporate local content accountability via the Gambia&#8217;s Petroleum Exploration, Development and Production Licenses, refreshed with a model agreement released this year. The model offers mandatory instructions that multinationals operating in-country must submit an annual local content plan, make fiscal contributions to internal and government local content funds of at least 1% of operating expenses each, and make use of local goods and services where equivalent to within 10% of international competitors\u2019 price-points, targeting a 10% spend of production costs locally. Further, under The Gambian Investment and Export Promotion Agency Act revised in 2015, international firms\u2019 workforces may have foreign workers comprising just 20% of the total irrespective of position, allowing local talent to thrive.<\/p>\n<p>Last year, ECP\u2019s events saw $2.5 billion in deals signed. This year, with the GNPC and Ministry of Petroleum and Energy as partners for ECP\u2019s premier west African congress \u2013 featuring in-panel discussions across the two-day conference together with leading The Gambia\u2019s dedicated Roundtable Spotlight session &#8211; the country\u2019s own industry prospects have never been brighter.<\/p>\n<p>To join The Gambia\u2019s leading sector decision-makers, regional policymakers and international investors in collaboratively re-defining the country and continent\u2019s energy future, head to https:\/\/MSGBCOilGasandPower.com\/ to register.<\/p>\n<p>Distributed by APO Group on behalf of Energy Capital &amp; Power.<\/p>\n<p>About the MSGBC Oil, Gas &amp; Power 2022 conference:<\/p>\n<p>Under the patronage of H.E. Macky Sall, President of the Republic of Senegal, MSGBC Oil, Gas &amp; Power will once again take place in Dakar, Senegal, with the event serving as a catalyst for investment and multi-sector development in 2022. To find out more visit MSGBCOilGasandPower.com or contact sales@energycapitalpower.com.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/gambia\">Gambia<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Gambia. Energy Capital &amp; Power (ECP) (https:\/\/EnergyCapitalPower.com\/) is proud to announce a key addition to the agenda for this September\u2019s MSGBC Oil, Gas &amp; Power Conference (https:\/\/bit.ly\/3au4kpr) in the form of a Gambian Spotlight session. Offering crucial insight into the country\u2019s second bid licensing round, the session aims to promote The Gambia\u2019s potential [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":18723,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,8],"tags":[2355,2361,260,3045,7412],"class_list":["post-18724","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","tag-africa-press","tag-africa-press-gambia","tag-gambia","tag-oil","tag-spotlight"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Gambian Spotlight Session to be Held at MSGBC Oil, Gas &amp; Power 2022 - Gambia<\/title>\n<meta name=\"description\" content=\"Energy Capital &amp; Power (ECP) (https:\/\/EnergyCapitalPower.com\/) is proud to announce a key addition to the agenda for ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/gambia\/all-news\/gambian-spotlight-session-to-be-held-at-msgbc-oil-gas-power-2022\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gambian Spotlight Session to be Held at MSGBC Oil, Gas &amp; 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