At the Invest in African Energies event on April 14, 2025, the Ghana National Petroleum Corporation (GNPC) and its exploration subsidiary, Explorco, presented Ghana’s upstream oil and gas potential. Ahead of Cape Town’s African Energy Week, energy stakeholders and international investors gathered at the Kempinski Hotel for the Accra briefing to talk about prospects in Ghana’s petroleum sector.
Speaking at the executive roundtable, Mr. Victor Kofi Sunu-Attah, the former general manager of engineering and technical advisor to the CEO of GNPC, emphasized the industry’s unrealized potential in spite of a 25% drop in production since 2019.
“Ghana’s Jubilee, TEN, and adjacent fields hold over 640 million barrels of oil and 1.2 trillion cubic feet of gas. GNPC is advancing research to unlock these resources and invites credible partners to collaborate on exploration and development”, he said.
Explorco’s managing director, Mr. Michael Aryeetey, described the company’s emphasis on frontier exploration, particularly in the Voltaian Basin. He declared that, for the first time since 1974, Explorco would be drilling its first well in the basin in Q1 2026.
According to Mr. Aryeetey,
“The Voltaian Basin is a national priority with significant potential, “Mr. Aryeetey said. “We seek strategic partners to join us in realizing its value.”
In order to restore investor confidence and spur upstream growth, both speakers discussed the necessity of strong public policy, regulatory reforms, and a stable investment climate. The briefing also covered topics such as Ghana’s plan to attract investment through unlicensed offshore blocks and preparations for future licensing negotiations.
GNPC And Halliburton Agree To Address Upstream Challenges In Ghana
GNPC and Explorco reaffirmed their commitment to leading policy innovation, fostering partnerships, and securing Ghana’s energy future through sustainable upstream development.
