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Gambia signs exploration deal with British oil giant BP

President Adama Barrow and officials from the Energy Ministry and BP at State House

Government has signed a contract with BP on Tuesday to explore oil and gas off the coast of Gambia, said the Office of the President.

A statement from the President’s office said BP representatives met Barrow at the presidential palace but provided no further details about the deal.

That same year, Barrow’s government stripped Norwegian-listed African Petroleum Corporation of two offshore blocks thought to contain up to 3 billion barrels of oil, saying the licenses had expired.

The company disputed that and launched arbitration proceedings in October 2017.

The disputed blocks lie next to licences in neighbouring Senegal, where big discoveries have been made.

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