Ghana, aiming to boost production and counter natural declines in mature oilfields, is promoting new investment in its upstream oil and gas sector. The Petroleum Commission is implementing reforms to improve the operating environment, encouraging exploration and new discoveries in both onshore and offshore markets.
The Petroleum Commission of Ghana will present the country’s exploration opportunities at the Invest in African Energies: Accra Investor Briefing. CEO Victoria Emeafa Hardcastle will discuss regulatory reforms, untapped exploration prospects, and strategies to boost production. With 17 oil and gas projects planned by 2027, Ghana aims to unlock its 1.1 billion barrels of crude and 2.1 trillion cubic feet of gas. Key policies like the Gas Master Plan are transforming the economy and encouraging investments in the gas sector.
Notable projects include the $350 million Tema FLNG project and the Atuabo II Gas Processing plant, set for production in 2025.The Petroleum Commission of Ghana is attracting investments in exploration, focusing on undeveloped blocks in on- and offshore basins. Building on the success of the Jubilee and TEN fields, the country is inviting partners to explore adjacent blocks. Tullow Oil has already brought three new wells online at the Jubilee South East project and plans further drilling at Jubilee in 2025. The company is also conducting a 4D seismic survey at Jubilee and TEN.
Additionally, the Ghana National Petroleum Corporation will drill an exploration well in the Voltaian Basin in 2025.”Ghana’s efforts to develop its oil and gas sector deserve recognition,” said NJ Ayuk, Executive Chairman of the African Energy Chamber. “The country is not only implementing reforms in tax and policy but also collaborating with international operators to enhance the appeal and competitiveness of their investments. Policies like the Gas Master Plan will help shift the country from being oil-dependent to a more diversified and integrated economy
