ExxonMobil return talks emerge as GIPA CEO holds back details
Ghana Investment Promotion Authority (GIPA) CEO Simon Madjie says there have been talks about ExxonMobil returning to Ghana. But he declined to disclose details, leaving further comment to the energy authorities.
The Ghana Investment Promotion Authority (GIPA) CEO, Simon Madjie, has indicated that discussions have taken place regarding ExxonMobil's potential return to Ghana. However, Madjie chose not to disclose any further details, instead directing questions to the Minister of Energy and the Petroleum Commission. During an interview on Joy News' PM Express Business Edition, Madjie hinted at ongoing deliberations, but provided no timeline, terms, or specifics about the discussions.
The topic was brought up when the host inquired about multinational corporations' interest in Ghana's petroleum sector. Madjie initially discussed other developments, including Chevron and Shell's Memorandum of Understanding to explore opportunities in the Eastern Keta Basin, as well as Petrobras's reported interest in examining some of Ghana's petroleum acreages and blocks.
He also mentioned investment announcements by companies already operating in Ghana, such as the Jubilee partners' plan to invest $2 billion and drill 20 wells in the Jubilee field, and ENI's $1.5 billion investment plan. However, when asked directly about ExxonMobil, Madjie held back, acknowledging the talks without confirming any agreement or decision by the company to resume operations.
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