Ghana’s next oil bet: Can the Voltaian Basin end the country’s dependence on offshore fields?
The Ghana National Petroleum Corporation (GNPC) says a rig could be on site by the end of the year. The big question is what happens to Ghana’s oil industry if the three main fields decline, and whether a basin drilled only once in 50 years can help. Ghana’s oil story has so far been written almost entirely at sea. Jubilee, TEN and Sankofa, the three fields that carry the country’s oil output,…
Ghana's National Petroleum Corporation (GNPC) is considering drilling on land in the Voltaian Basin as a way to diversify its oil industry beyond offshore fields. The basin covers nearly 40% of the country's land area and has a history of potential oil and gas reserves, but has been largely untouched since 1974. GNPC is planning to start drilling in the basin by the end of 2026, with the first well being the first drilled in the area in over five decades.
The project is seen as a test for GNPC to prove its capabilities and could potentially lead to greater control over national petroleum revenues. However, the success of the project will depend on whether the well can find profitable reserves and whether GNPC can successfully run the operation on its own.
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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