Ghana has secured about US$2 billion in additional investments from partners in the Jubilee and Tweneboa-Enyenra-Ntomme (TEN) oil fields to boost production following the extension of the respective petroleum agreements to the end of 2040. Ms Emeafa Hardcastle, the Chief Executive Officer of the Petroleum Commission, announced this at the 12th edition of the Commission’s […]
GNPC Exploration and Production Limited Company (Explorco) has reaffirmed its plan to begin onshore drilling in Ghana’s Voltaian Basin in the fourth quarter of 2026 as it works towards becoming an independent Ghanaian oil and gas operator. The company announced this at its maiden Annual General Meeting (AGM), held at the Accra Marriott Hotel. Speaking […]
Explorco, the upstream exploration subsidiary of the Ghana National Petroleum Corporation
(GNPC), has intensified stakeholder engagement ahead of its upcoming onshore drilling
activities under the Voltaian Basin Project.
Energy Minister John Abdulai Jinapor has directed the Ghana National Petroleum Corporation (GNPC) and its subsidiary, GNPC Explorco, to step up exploration efforts and lead the national response to Ghana’s declining oil production.
According to the statement, the agreement brings together Tullow Oil plc, Kosmos Energy, PetroSA, the Ghana National Petroleum Corporation (GNPC), and Explorco, and will see the West Cape Three Points (WCTP) and Deep Water Tano (DWT) licences—home to the Jubilee and 10 fields—extended by 15 years.
The country is expected to fork out approximately US$83.4million by March 31, 2024 as its initial subscription capital to the recently proposed Africa Energy Bank (AEB), which it is seeking to host.