Ghana’s Minister for Energy and Green Transition, Dr John Abdulai Jinapor, signed two Memoranda of Understanding on Tuesday, covering offshore blocks GH WB 3 and GH WB 8 in the Tano Basin. The agreements involve Eni Ghana, Vitol Upstream Tano Limited and the Ghana National Petroleum Corporation (GNPC) and are intended to lead to final Petroleum Agreements.
The two blocks together span roughly 2,100 square kilometres, with water depths ranging from 750 to 2,800 metres. They sit close to existing producing fields and established petroleum infrastructure, a factor the government says could ease logistical challenges for new exploration.
Government officials note the MoUs build on a 2025 Memorandum of Intent that proposed an investment of about US$1.5 billion. The move is part of President John Dramani Mahama’s reforms to create a more competitive, predictable and investment‑friendly petroleum industry.
While the MoUs are a significant step, the government stresses the priority now is to transition from agreements to active exploration and, ultimately, commercial discoveries. Further reforms and investment incentives will be pursued to ensure Ghana secures maximum and sustainable value from its hydrocarbon resources.
