Energy Minister promotes Ghana’s offshore oil blocks in Texas

HOUSTON (Texas, US)— Ghana’s Energy Minister, Dr. Matthew Opoku Prempeh is promoting five available oil blocks offshore Ghana during the maiden Africa-Houston Energy Summit.


These are Deep-Water Cape Three Points Block, Offshore Cape Three Points South Block, Shallow Water Cape Three Points Block, Southwest Saltpond Block and the Expanded Shallow Water Tano Block.


At the strategic roadshow event, Prempeh, who is leading a delegation comprising the Petroleum Commission, Ghana National Petroleum Corporation, GOIL and Base Energy, said Ghana has four sedimentary basins of significance to oil and gas, namely; Western, Central, Eastern, and the Voltaian.


He said the Western basin has Ghana’s three actively producing deepwater oil and gas fields.


Prempeh added that the Voltaian basin is onshore and the remaining two are largely offshore. Most parts of the offshore basins are open for Exploration and Production activities. He said GNPC is currently exploring the Voltaian Basin to establish its prospectivity, following which the basin will be open to investors.


The Minister told investors that Ghana’s stable political and business climate, its highly prospective sedimentary basin with commensurate high exploration success rate, its guaranteed and attractive fiscal terms and the well-defined legal and regulatory framework are key incentives to consider investing in Ghana.


He also highlighted the availability of an existing architecture to support infrastructure-led exploration, which shortens the time between exploration and production.


Prempeh urged investors to “find in Ghana a friend and partner saying the country is ready to provide the needed support to ensure the success of their operations”.