Energy Minister, Dr Matthew Opoku Prempeh, has led a Ghanaian delegation on an oil and gas roadshow in Houston, Texas in the United States of America.
The Ministry of Energy, supported by the Petroleum Commission, the Ghana National Petroleum Corporation, GOIL and Base Energy, is promoting Ghana’s offshore oil blocks and farm-in opportunities for investment.
Also, the Ghanaian delegation includes two Members of Parliament from both Majority and Minority sides of the House.
The Ghanaian delegation in its engagement on Wednesday, September 21, 2022, highlighted prospects of the Deep-Water Cape Three Points Block, Offshore Cape Three Points South Block and Shallow Water Cape Three Points Block.
It also included the Southwest Saltpond Block as well as the Expanded Shallow Water Tano (ESWT) Block.
In his remarks, Dr Matthew Opoku Prempeh spoke of the country’s “stable political and business climate, its highly prospective sedimentary basin with its commensurate high exploration success rate, guaranteed and attractive fiscal terms as well as its defined legal and regulatory framework.”
The Energy Minister also used the opportunity to reveal the availability of an existing architecture to support infrastructure-led exploration, which shortens the time between exploration and production.
His comments drew the needed attention from prospective investors for the country’s upstream petroleum space.
He is optimistic that through these engagements, the ministry will secure the necessary deals to drive the country’s needed economic growth.
Due to the possible gains made, Dr Opoku Prempeh has pledged to “deepen these investment-driven engagements at the Africa-Houston Energy Summit, especially as I will join colleague Ministers at a round-table discussion.”
Source: The Independent Ghana