Ghana will hold a limited roadshow and bidding round highlighting licensing and investment opportunities to global operators and investors at this year’s Africa Oil Week Conference in Cape Town, South Africa.
The conference is expected to bring together over 1,300 participants from over 70 countries across the world, from 5th to 9th November, 2018.
Ghana’s Deputy Energy Minister, Mohammed Amin Adam will be opening the anticipated round which will focus on six blocks ranging in size from 1,000 square kilometres which are in the highly prospective Western Basin.
Two of the blocks are ultra-deep-water, at 3,000m+ and they carry 2D and 3D seismic data from the period of 2000–2013.
President Akufo-Addo in October 2018 launched the country’s first oil and gas exploration licensing.
Blocks 2, 3 and 4 are open for bidding and deep-water blocks 5 and 6 are to be allocated through direct negotiations.
International oil companies with interest are expected to make submissions by end of November while local companies will be pre-qualified for participation in December 2018.