Minister for Energy and Green Transition, John Abdulai Jinapor, has reaffirmed the government’s commitment to fostering strategic partnerships for the advancement of the country’s offshore oil and gas sector.

During a high-level meeting on the sidelines of the International Energy Week in the United Kingdom, Mr. Jinapor engaged key stakeholders involved in the development of the 1,560-square-kilometre East Cape Three Point Block, located in the Offshore Tano Basin.

The block is currently operated by Medea Development Ltd and Cola Natural Resources, with additional interest from potential partners such as Strategic Fuel Fund, Safri West Energies, and Jade Energy. These companies expressed their commitment to pushing exploration activities forward, aiming for first oil production between 2028 and 2029.

According to the stakeholders, preparatory work is underway to drill the first exploration well, which is expected to commence either later this year or early next year.

Mr. Jinapor assured investors that Ghana’s upstream petroleum sector remains open for business, highlighting the country’s strong regulatory framework and favorable investment environment.

He emphasized the importance of a balanced and sustainable approach to resource development, urging stakeholders to collaborate effectively to drive innovation and efficiency in the industry.

The engagement served as a platform to reinforce partnerships and strengthen Ghana’s position as a key player in the global energy landscape. With exploration efforts set to advance, the East Cape Three Point Block is poised to become a significant contributor to the nation’s long-term energy strategy.