US$3.5bn fresh investment shows renewed confidence in Ghana’s oil sector – Jinapor
Minister for Energy and Green Transition, John Abdulai Jinapor, says fresh investment commitments in Ghana’s upstream petroleum sector demonstrate renewed confidence in the country’s oil and gas industry.
Minister for Energy and Green Transition, John Abdulai Jinapor, highlighted fresh investment commitments in Ghana's upstream petroleum sector at the 15th anniversary celebration of the Petroleum Commission. This demonstrates renewed confidence in the country's oil and gas industry. Partners in the Jubilee and TEN fields have pledged around US$2 billion towards further development, including drilling at least 10 new wells.
Additionally, partners in the Offshore Cape Three Points project, including Eni, Vitol, and the Ghana National Petroleum Corporation (GNPC), have committed nearly US$1.5 billion to boost gas production, develop the Eban-Akoma discoveries, and explore new opportunities. Jinapor emphasized that these investments serve as "votes of confidence in Ghana's petroleum future."
He added that the government will continue to pursue policies that ensure investor certainty while safeguarding national interests and maximizing the benefits of petroleum resources for job creation, industrialization, energy security, and long-term economic development.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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