Ghana’s onshore sedimentary basin (Voltaian basin) is being surveyed for potential hydrocarbon reserves, the Ghana National Petroleum Corporation (GNPC) has said.

CEO of GNPC Opoku Awheneeh Danquah disclosed this at the 2023 Ghana Oil and Gas Roadshow on January 12, 2023, in London.

“In furtherance of our mandate of ‘leading sustainable exploration,’ GNPC has obtained Reconnaissance licences to explore our onshoreand offshore basins.

“GNPC is currently exploring the hydrocarbon prospectivity of Ghana’s onshore sedimentary basin (Voltaian basin) under a Reconnaissance license through a mix of geophysical, geological and geochemical techniques and is looking to crown our efforts by drilling a well in Q4 2023,” he said.

Mr Danquah further mentioned that his outfit is constantly exploring opportunities to leverage its technical competence and financial strength in unlocking much needed hydrocarbon potential of our sedimentary basins.

In line with this, he disclosed that over the next two years, GNPC will acquire, process and interpret 3D seismic over the block to evaluate hydrocarbon potential and drill one (1) well.

About GNPC

GNPC is the state agency responsible for the exploration, licensing, and distribution of petroleum-related activities in Ghana.

It was established in 1983 by PNDC Law 64, to support the government’s objective of providing adequate and reliable supply of petroleum productsand reducing the country’s dependence on crude oil imports, through the development of the country’s own petroleum resources.

In the early 2000’s, GNPC’s focus was amended to solely operate within the upstream energy sector, relinquishing previous downstream operations.

Prior to the establishment of Petroleum Commission Ghana in 2011, GNPC in addition to our core mandate played pseudo-regulatory roles in assisting the Ministry of Energy in chartering the path to commercial discoveries in Ghana.

Subsequently, GNPC has transformed into a fully commercial state-owned entity with the strategic objective of leading the sustainable exploration, development,production and disposal of the petroleum resources of Ghana, by leveraging the right mix of domestic and foreign investments in partnership with the people ofGhana.

GNPC’s role is to ensure the efficient supply of natural gas from our oil and gas fields to Ghana National Gas Company to meet Ghana’s increasing energy needsby efficiently negotiating gas sales from our producing fields.

As a partner in all Petroleum licenses, GNPC has developed diverse competencies across the entire value chain to support partners in the execution of agreed Work Programs.