The Gambia’s upstream sector gained a significant new investor on June 5, 2026, when the government signed a petroleum exploration, development and production license agreement with Eni for offshore Block A1. Covering approximately 1,300 km2 in water depths of 1,250m–3,300m, the block includes a 10% carried interest for the Gambia National Petroleum Corporation (GNPC) during exploration.

Located along the Atlantic Margin geological trend associated with Senegal’s producing Sangomar field, Block A1 will undergo geological assessment and advanced 3D seismic reprocessing. Exploration drilling could follow in 2027–2028, while the government is also seeking partners for available offshore acreage, including blocks A2, A3 and A5.

Electricity imports and generation capacity represent another investment priority. The National Water and Electricity Company has expanded regional power imports through the West African Power Pool and Gambia River Basin Development Organisation interconnectors, with an 18-km, 225-kV transmission line increasing import capacity in the Greater Banjul Area from approximately 60 MW to 140 MW.

However, regional hydropower constraints and technical problems contributed to electricity shortfalls during 2026, prompting the installation of 21 MW in emergency thermal generation at Brikama in October. The country is also pursuing renewable generation, including the proposed 50 MW Soma solar farm and a broader pipeline of 150 MW in solar capacity, alongside a national target of universal electricity access by 2028.

Following the Dangote Group’s July 7 commitment to a $2 billion strategic partnership backed by First Bank Group financing, midstream infrastructure has become a high priority in the country’s investment plans. The proposed package includes a 250 MW solar plant and a petroleum storage tank farm designed to strengthen national fuel reserves, while the Sanyang Deep Sea Port project aims to expand maritime logistics capacity.

At the December 3 session, The Gambia’s Minister of Energy and Petroleum Nani Juwara and senior GNPC executives will present The Gambia’s investment opportunities to international financiers and energy companies. Discussions will focus on three priorities: deepwater exploration and partnerships for unlicensed offshore blocks; import-power strategy, regional electricity integration and generation capacity; and midstream storage development, including financing for downstream fuel depots and strengthening petroleum supply security.

For more information or to register your interest about MSGBC Oil, Gas & Power 2026 visit www.msgbcoilgasandpower.com.