Shell, Chevron sign exploration MoU as Petrobras eyes Ghana’s oil blocks
Shell and Chevron have signed a memorandum of understanding to explore opportunities in Ghana’s Eastern Keta Basin, Ghana Investment Promotion Authority (GIPA) CEO Simon Madjie has said.
Shell and Chevron have entered into a memorandum of understanding to explore potential opportunities in Ghana's Eastern Keta Basin, according to Simon Madjie, CEO of the Ghana Investment Promotion Authority (GIPA). The Brazilian state oil company Petrobras has also shown interest in Ghana's oil acreage and blocks, contributing to increased activity in the petroleum sector.
Madjie made these remarks during an interview on Joy News' PM Express Business Edition on Thursday. He confirmed that discussions between Shell, Chevron, and Petrobras were ongoing but declined to provide further details. Additionally, Madjie mentioned significant investment announcements by companies already operating in Ghana's oil industry, including the Jubilee partners' $2 billion investment to drill 20 wells in the Jubilee field and ENI's $1.5 billion investment.
When asked about a potential return by ExxonMobil, Madjie acknowledged that discussions had taken place but emphasized that such information should be directed to the Ministry of Energy and the Petroleum Commission.
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