Sixteen oil giants submit sixty applications for five Ghanaian oil blocks

Ghana’s Ministry of Energy has disclosed that it has received sixty applications from sixteen companies with proven track records expressing interest for the five Oil Blocks in the Western Basin following the launch of the maiden licensing round bid.

Three of the Blocks are going for competitive bidding and they are GH_WB_02, GH_WB_03 and GH_WB_04, while the remaining two (GH_WB_05 and GH_WB_06) are also going for direct negotiations.

“Companies that expressed interest are Tullow Oil, Total, ENI, Cairn, Harmony Oil and Gas Corporation, ExxonMobil, CNOOC, Qatar Petroleum, BP, Vitol, Global Petroleum Group, Aker Energy, First E&P, Kosmos, Sasol and Equinor,” a statement from the Communications and Public Affairs Department of the Ministry of Energy indicated.

The statement noted that two of the applications were invalidated as they were for Block GH_WB_01 which has been reserved for the Ghana National Petroleum Corporation (GNPC). “In line with this, fifty eight (58) valid applications will be considered for the next stage of the process,” the statement said.

Source: Ghana Web

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