Continental Focus, International Reach

Ghana’s Bid Round Generates Interest

Wednesday, January 2, 2019

Ghana’s Ministry of Energy revealed in a statement that it has received applications from 16 oil and gas companies for one or more of five offshore blocks offered in its first exploration licensing round.

The companies include Aker Energy, BP, Cairn, CNOOC, ENI, Equinor, ExxonMobil, First E&P, Global Petroleum Group, Harmony Oil and Gas, Kosmos Energy, Qatar Petroleum, Sasol, Total, Tullow and Vitol.

The energy ministry says the applications include expressions of interest in competitive bidding for three blocks in the Western Basin and for direct negotiations regarding another two blocks offshore Ghana.

Ghana sees the interest as a major vote of confidence in the country, which seeks to unlock more resources than current production of 200,000 bpd of oil including the Jubilee Field’s 100,000 bpd.