Petroleum (Exploration, Development and Production) Act, no. 7 of 2004.

This Act, divided into ten parts, provides for exploration, development and production of petroleum and for related activities. The Act specifies the functions of the Secretary of State in monitoring the petroleum industry in The Gambia and taking appropriate actions on the conduction of petroleum operations, including ensuring adequate financial guarantees and the compliance with the best industry practices. The Act also concerns: petroleum rights; ownership of petroleum; issuance of permits; adequate compensation for damage to land pursuant to petroleum operations; exploration and discovery of petroleum; permits and licenses; taxes, royalties and other levies; health, safety and environmental protection measures, including: preventing the release of hazardous substances while performing petroleum operations; responsibility of licensee or of permit holder for any damage to environment deriving from petroleum operations; compulsory environmental impact assessment for performing petroleum operations; right of audit; right of inspection; access to information regarding petroleum operations; offences.