Ghana has issued four exploratory licences to three indigenous oil and gas firms to undertake exploration activities in the onshore Tano and Voltaian basins.
The licences were issued in May and July this year, with one of the companies receiving two for exploration in both onshore Tano and Voltaian basins.
Officials of Ghana’s Ministry of Energy disclosed this at the just-ended Africa Oil Week in Cape Town, South Africa, without further details.
This portal understands that if discoveries are made, the companies will be granted appraisal licences to appraise the discoveries.
If the discoveries are commercial, development and production agreements will be signed with the companies for the development and production of the hydrocarbons.
Currently, the West African nation produces oil from three fields, namely Jubilee, OCTP Sankofa Gye-Nyame and Tweneboa Enyenra Ntomme (TEN).
Source: https://energynewsafrica.com