Ghana has entered into agreements with Eni Ghana, Vitol Upstream Tano Limited and the Ghana National Petroleum Corporation (GNPC) for two offshore exploration blocks in the Tano Basin.
The Memoranda of Understanding (MoUs), covering blocks GH WB 3 and GH WB 8, establish a framework for the parties to negotiate definitive Petroleum Agreements that could lead to new exploration campaigns in one of the country’s most prospective offshore regions. Energy and Green Transition Minister Dr. John Abdulai Jinapor signed the agreements on behalf of the government, highlighting the administration’s intention to stimulate upstream activity and unlock additional hydrocarbon resources as Ghana seeks to sustain future oil and gas production.
The two offshore blocks occupy a combined area of about 2,100 square kilometres and lie in water depths ranging from approximately 750 metres to 2,800 metres. Their location within the Tano Basin places them near existing oil and gas developments, a factor that could improve project economics if exploration efforts result in commercial discoveries.
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Investment programme
The latest move follows a Memorandum of Intent announced in 2025 that outlined plans for an estimated US $1.5Bn investment programme. Industry observers expect the proposed capital to support exploration work, including geological studies, seismic surveys and potential drilling operations aimed at evaluating the resource potential of the acreage.
The agreements come at a time when Ghana is looking to reinvigorate exploration activity and attract new international investment to offset the natural decline of mature producing fields. Authorities believe expanding exploration is essential to maintaining the country’s position as a key oil and gas producer in West Africa while creating opportunities for future production growth.
Government officials have linked the initiative to broader sector reforms intended to improve investor confidence and strengthen the competitiveness of Ghana’s upstream industry. These measures are aimed at providing a stable investment environment while ensuring that future petroleum developments generate long-term economic value for the country.
With the preliminary agreements now in place, attention will turn to the negotiation of final contract terms and the commencement of exploration activities. Success in these efforts could open a new chapter for Ghana’s offshore petroleum sector and help secure additional energy resources to support the country’s economic development ambitions.
