NNPC signs MoU with Gambia on crude oil exploration

The Nigerian National Petroleum Company (NNPC) Limited on Friday, February 17, announced the signing of a memorandum of understanding (MoU) with the Gambia National Petroleum Corporation (GNPC) via its official Twitter handle.

According to the NNPC, the MoU covers collaboration between both companies on frontier exploration, and other opportunities to promote energy security. The statement read:  

• “Earlier today, NNPCL and the Gambian National Petroleum Company (GNPC) signed an MoU for collaboration in the Oil & Gas sector. NNPCL’s Executive VP, of Business Services, Mr. Danladi A. Inuwa, and GNPC’s MD Baboucarr Njie signed on behalf of the two NOCs. 
• “Areas of interest include new frontier exploration; crude oil market expansion opportunities and transfer of technology towards a quest for more energy security for both countries and the West African sub-region.”  

NNPCL has recently called for more collaborations in the West African region. During the February 14 Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) held in Lagos state, Mele Kyari said Africans should work together to promote energy security and grow wealth for the benefit of the continent. He said: 

• “We should collaborate and share knowledge and help each other in critical areas, including technology, exploration and production, research and development, technical expertise, and human capacity development to spread the wealth within the continent.