26th September 2022 1:40:39 PM
2 mins readDr. Matthew Opoku Prempeh, the energy minister for Ghana, is in Houston, Texas, USA, for an oil and gas roadshow with some senior representatives from the Petroleum Commission, Ghana National Petroleum Corporation, and GOIL.
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Five accessible oil blocks offshore of Ghana are being promoted.
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The group, which also includes representatives from Base Energy, is promoting the oil blocks that are accessible off the coast of Ghana.
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They are the Cape Three Points Blocks in Deep Water, Offshore Cape Three Points South Block, and Shallow Water.
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It also contains the Expanded Shallow Water Tano Block and the Southwest Saltpond Block.
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At the strategic roadshow event, which was planned to coincide with the maiden Africa-Houston Energy Summit, Energy Minister, Dr. Matthew Opoku Prempeh, said Ghana has four sedimentary basins of significance to oil and gas, namely; Western, Central, Eastern, and the Voltaian.
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He said the Western basin has Ghana’s three actively producing deepwater oil and gas fields.
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Dr. 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.
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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.
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He also highlighted the availability of an existing architecture to support infrastructure-led exploration, which shortens the time between exploration and production.
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Dr. 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”.
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