Ghana To Assist Guyana Following Oil & Gas Discoveries

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Nana Addo Dankwa Akufo-Addo, President of Ghana

 

West African nation, Ghana, has made available free technical assistance to the South American country, Guyana, following the latter’s discovery of oil and gas resources offshore.

Speaking at a State Luncheon held in his honour, on Tuesday, June 11, as part of his official visit to Guyana, President of Ghana Nana Akufo-Addo indicated that Ghana, following the recent discovery by Aker Energy, can now be considered as a significant player in the oil industry, having also commenced the production of oil in commercial quantities since 2011.   

Since 2018, there have been several high impact discoveries of conventional oil and gas in Guyana, with US oil giant, ExxonMobil, in February 2019, making its 11th and 12th discoveries. President David Granger, President of Republic of Guyana

The President, therefore, told his Guyanese counterpart, President David Granger that “we should explore promptly the possibility of establishing a joint vehicle to assist in the effective, initial management of oil and gas revenues.” 

President Akufo-Addo continued, “With our experiences, I believe Ghana is well-equipped to share with you the dos and don’ts in the area, and make available fee-free, quality technical assistance to you. Hopefully, the proper management of the new revenues will help finance the spectacular development of Guyana.”

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