James D. Yamoah of Ministry of Energy, Ghana to Discuss the Next Steps of DWT/CTP After PoD Submitted and New Offshore Blocks Bid Round Process-Conference News-LTS Innovate

James D. Yamoah of Ministry of Energy, Ghana to Discuss the Next Steps of DWT/CTP After PoD Submitted and New Offshore Blocks Bid Round Process

2023/08/25 author: click:9

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James D. Yamoah of Ministry of Energy, Ghana to Discuss the Next Steps of DWT/CTP After PoD Submitted and New Offshore Blocks Bid Round Process

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Information Agency: Offshore Focus 2023-7-13

Dear colleagues,

Ghana is pushing the offshore oil and gas projects for moving forward this year. For the Deepwater Tano/Cape Three Points (DWT/CTP) project, Aker Energy has finally submitted a Plan of Development (PoD) to government on April 14, 2023. Then on April 17 2023, AFC Equity Investment, a company owned by Africa Finance Corporation ('AFC') acquired shares of Aker Energy from Aker Capital AS (100 percent owned by Aker ASA), and The Resource Group TRG AS ('TRG'), and the management team of Aker Energy will remain unchanged and will work towards submission of the PoD of DWT/CTP. With these activities, the industry players are all expecting the next steps.

While there are also challenges of Ghana’s offshore exploration industry: projects are delaying, investments are not enough, local technologies need to be promoted, etc. Another good news is, Ghana’s government is pushing the 2022/2023 Deep Offshore Oil block Mini-bid Round process this year.

What are the new activities plan for the new offshore bid round? Are there any driving measures for untapped upstream projects to prevent the decrease of current 3 offshore fields towards 2035? Any incentive policies for supporting and attract investment?

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On this week, Mr. James Dwamena Yamoah, Department Director, Petroleum Upstream, Ministry of Energy, Ghana confirmed to join the West Africa Offshore Upstream Conference 2023 (December 5-6th, Abuja, Nigeria) and will deliver a keynote speech about "Update on Investment Opportunities and Driving Plan for Upstream Exploration in Ghana”.

Prior to joining the Ministry of Energy, James had held several executive and management positions at the National Oil Company; the Ghana National Petroleum Corporation (GNPC) including Chief Operating Officer, General Manager Technical and General manager HSSE. He currently oversees Ghana's upstream operations, which comprise pre-licensing, licensing, exploration and appraisal, field development and production, disposal, and decommissioning.

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Part of information of offshore blocks in developing of Ghana as below:

Status	Projects	Operator and Shareholders
PoD	Deepwater Tano/Cape Three Points (DWT/CTP)	Aker Energy, 50%, operator Ghana National Petroleum Corporation (GNPC), 10%, Lukoil Overseas Ghana Tano, 38%, Fueltrade, 2%
Developing (discovery)	CTP-Block 4	Eni, operator, 42.469%, Vitol (33.975%), GNPC, 10%, Woodfields Upstream, 9.556%, Explorco, 4%
New Award or Delay	Deepwater Cape Three Points (DWCTP)	GOIL offshore Ghana Limited, 85% Operator, Ghana National Petroleum Corporation (GNPC), 15%
	CTP-Block 3 GH_WB_03	ENI, Operator Vitol, CNOOC
	West CTP-Block 2	Springfield E&P Limited New Discoveries (84%); Existing Discoveries (82%), Ghana National Petroleum Corporation (GNPC) – New Discoveries (11%); Existing Discoveries(8%), GNPC Exploration and Production Company Limited (GNPC EXPLORCO) – New Discoveries (5%); Existing Discoveries (10%)
	GH_WB_02	First Exploration and Petroleum Development Company, Elandel Energy (Ghana) Limited
	Onshore/Offshore Keta Delta Block	Swiss African Oil Company Limited – 83% Operator Pet Volta Investments Limited – 5%, Ghana National Petroleum Corporation (GNPC) – 12%
	Deepwater Cape Three Points West Offshore	ECO ATLANTIC OIL AND GAS– 50.42% Operator A-Z Petroleum Products Ghana Limited – 27.88%, Petrogulf Limited – 4.35%, GNPC Exploration and Production Company (GNPC EXPLORCO) – 4.35%, Ghana National Petroleum Corporation (GNPC) – 13%
	East Cape Three Points	Medea Development Limited – 36% Operator,Cola Natural Resources –54%, Ghana National Petroleum Corporation (GNPC) – 10%
	East Keta Offshore	GNPC Operating Services Company Limited (GOSCO) – 11%, Operator, Heritage Exploration and Production Ghana Limited – 38.7%, Blue Star Exploration Ghana Limited – 38.7%, GNPC Exploration and Production Company (GNPC EXPLORCO) – 11.6%

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About the West Africa Offshore Upstream Conference 2023：

In the post-pandemic era, the rising oil prices, the discoveries of significant offshore oil and gas fields of West Africa region, and aims of accelerating monetization of regional hydrocarbon by 2050 have driven demand for active offshore upstream exploration in West Africa. Recently, Nigeria and Sierra Leone held new round of offshore bidding separately, Ghana is planning for new deep offshore bidding now. During 2019 to 2022, the West African countries such as Angola, Côte d’Ivoire, Senegal, Equatorial Guinea, Congo, Liberia, Gambia, either launched bidding round or opened for direct negotiation for untapped blocks. Meanwhile, projects in several West African countries are heading for FID in 2023. What is status of different projects in West Africa countries? What challenges and concerns of the government, NOCs and IOCs and how could involve in the projects? The West Africa Offshore Upstream Conference 2023 (December 5-6th, Abuja, Nigeria) is committed to gathering the most related players for the hottest topics and projects, and to building a comprehensive platform for information sharing, highly-level communication, and best practices showcasing.

To Be Speaker To Be Sponsor To Be Exhibitor

If you are interested, you can email me (lillianl@ltsinnovate.com) or register your interest.

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