Adomako-Mensah credits Akufo-Addo government for groundwork behind new oil discovery

Deputy Ranking Member on Parliament’s Energy Committee, Collins Adomako-Mensah, has praised the former New Patriotic Party (NPP) administration for their role in laying the groundwork for Ghana’s recent oil and gas discovery in the Deepwater Tano Cape Three Points (DWTCTP) block. Adomako-Mensah outlined the series of government decisions and approvals that facilitated Planet One Oil and Gas Limited’s entry into the contract area and its eventual appointment as operator, tracing the process back to May 2021 when ExxonMobil, the previous operator, decided to relinquish its interest in the block.

The MP credited the Ministry of Energy for approving the transfer of GOIL Offshore’s 80% interest to GOIL Offshore, which already held a 5% stake, increasing the company’s stake to 85% and retaining the Ghana National Petroleum Corporation (GNPC) with its 15% stake. Adomako-Mensah also highlighted the extension of the Initial Exploration Period, granted by the Petroleum Commission, which allowed the companies to complete outstanding studies and prepare for exploratory drilling.

He called for recognition of the previous administration’s contribution to the discovery, specifically the role played by former Energy Minister Dr Matthew Opoku Prempeh.

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