Continental Focus, International Reach

Ghana’s Data Package Pricing Set

Monday, November 26, 2018

In mid-October Ghana launched its first ever open competitive bidding round. Petroleum Africa recently learned that officials have put a price tag on the data package. The government has set the data package pricing at $250,000 and a Data User License Agreement has been approved for release to companies wishing to proceed to license the data package.

The purchase of data package and a Data User License agreement is mandatory in order to submit a conforming bid (but not for pre-qualification).

Ghana launched a licensing round on October 15. This is the first open and competitive bidding round that the country has held, previously choosing to hold direct negotiations with oil and gas firms for acreage. Ghana is offering up three blocks in its offshore Central Basin. According to reports, the licensing round has already attracted interest from major E&P firms, which have been conspicuously absent in Ghana’s burgeoning oil and gas sector to date.

The tender process is specifically focused on expediting exploration activity in the Central Basin. Ghana is calling on firms with the financial capacity and technical competence, coupled with the timescale for work program activity. Fiscal terms, including royalty payments to the government and Ghana National Petroleum Corporation (GNPC) equity is also an important issue in the tender process, as well as the equity and skills transfer to local partners under the local content aspect.