The Gambia National Petroleum Corporation (GNPC) held its second general quarterly staff meeting on Friday the 28th of June at the Petroleum House in Brusubi. The purpose of this meeting was to have an open forum where staff would be able to get together from time to time to talk about progress, challengesand ways to further improve the Corporation’s performance.
The meeting began with the Managing Director (MD) of GNPC briefing the staff on the course of events during the 2nd quarter (April – June 2019). He highlighted the signed Exploration & Production (E&P) License Agreement between the Ministry of Petroleum & Energy (MOPE) and British Petroleum (BP), wherein GNPC would be a joint operator with the international company, and receive 10% of government shares. He emphasized that this was the first time GNPC had partnered with an International Oil Company (IOC) in E&P and that it was a prime opportunity for growth. The Joint Operating Agreement between GNPC and BP will be signed by the end of July 2019.
The MD attended the 5th annual Upstream West Africa Summit, which was held from the 18th of June to the 20th of June, 2019 in Dakar, Senegal. The Summit, which is held annually, aims to bring together industry leaders from across the region to share knowledge and discuss best practices as well as offer networking opportunities. During this trip, GNPC delegates and Organisers agreed to sign a Memorandum of Understanding (MOU) to hold the 6th Annual Summit (2020) in The Gambia. He (MD) noted that this was a golden opportunity to put GNPC and The Gambia on the Petroleum world map, and allow MOPE and GNPC to sell The Gambia’s petroleum potentials to the world.
With regards to the expansion of the network facilities, GNPC will be constructing a flagship station close to its Head Office in Brusubi; construction is anticipated to begin in August 2019 and is expected to last about six (6) months. This strategic move will give rise to an increase in market share, sales and also create job opportunities for the youths of the country.
[Update] An MOU for The Gambia to host the 6th Annual Upstream West Africa Summit in 2020 (16th to the 18th of June) was officially signed on the 5th July 2019, by GNPC and Value Media Group.