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Informed articles from the go-to people in the oil and gas industry
Informed articles from the go-to people in the oil and gas industry
The MSGBC Basin is an attractive region to do business for a number of reasons. Most importantly the basins geologic characteristics provide the potential for sizable discoveries of hydrocarbons as demonstrated by a number of operators already.
As a firm we have also invested heavily in technology and innovation over the past few years, and a continuing priority is to ensure that we harness the developments in technology and digitalization to continue to drive efficiencies and innovation in the provision of our legal services.
Based on our own analysis, explorers, especially small independent oil companies, are still struggling to find potential investors for their projects. The current oil prices and its uncertainties have made the struggle even harder than what it was pre-2014.
From the depths of the downturn a new contractor has emerged with ambitious plans.
Our gas-condensate discovery in Turkey created a very significant increase in our share price. It was a very exciting time as we tested the well and then were able to raise all of the capital required for our appraisal program.
The Agency’s main objective over the next three years is the implementation of the drilling program in the AGC Central and the AGC Profound block raising a lot of interest from external companies and the AGC itself.
The top headlines from August 2018 from the Latin America Clean Energy sector
With a better defined PEPLA being finalized and the licensing process for open blocks currently ongoing, the dynamics of the industry will improve greatly in the next five years in The Gambia.