Ghana signs offshore deals with Eni, Vitol to revive oil exploration

The proximity of the two acreages to existing producing fields and petroleum infrastructure is expected to provide opportunities for the investors to leverage Ghana’s established upstream ecosystem as exploration progresses.

The MoUs were signed on behalf of the government by the Minister for Energy and Green Transition, Dr John Abdulai Jinapor, as part of efforts to unlock Ghana’s remaining hydrocarbon potential and attract fresh investment into the upstream sector.

Ghana has taken a major step towards reviving upstream petroleum exploration with the signing of two Memoranda of Understanding (MoUs) covering offshore acreages GH WB 3 and GH WB 8 in the Tano Basin.