
Adaobi Rhema Oguejiofor
The Nigerian National Petroleum Company
(NNPC) Limited has signed a Memorandum of Understanding (MoU) with the Gambian National Petroleum Corporation (GNPC) to assist The Gambia in exploring and evaluating potential oil resources within the country.
The Group Chief Executive Officer of the Nigerian National Petroleum Company(NNPC) Limited, Mele Kyari, who confirmed this development, also stated that the MoU was a significant step towards further strengthening the bilateral relations between the two countries.
Kyari said that the exploration activities will include geological and geophysical studies, as well as seismic data acquisition and analysis.
He further explained that NNPCL will work with GNPC to identify potential exploration blocks and carry out drilling activities in the country.
According to Kyari, “the MoU, which falls under efforts by NNPCL and Nigeria to maximize oil production both locally and across the African region, will bring about unique opportunities for both countries to collaborate in the oil and gas sector.”