ExxonMobil return talks emerge as GIPA CEO holds back details
Ghana Investment Promotion Authority (GIPA) CEO Simon Madjie acknowledges talks about ExxonMobil returning to Ghana but declines to disclose details.
In Brief
- •Ghana Investment Promotion Authority (GIPA) CEO Simon Madjie acknowledges talks about ExxonMobil returning to Ghana but declines to disclose details.
- •Madjie refers questions about the discussions to the Minister of Energy and the Petroleum Commission.
- •Chevron and Shell have signed a Memorandum of Understanding (MOU) to explore work in the Eastern Keta Basin.
- •Petrobras has shown interest in examining some of Ghana's petroleum acreages and blocks.
- •Jubilee partners plan to invest $2 billion and drill 20 wells in the Jubilee field, while ENI and its partners have announced a $1.5 billion investment.
Why It Matters
The potential return of ExxonMobil to Ghana's petroleum sector could significantly impact the country's energy landscape and economic growth. The discussions highlight Ghana's efforts to attract international investment in the oil and gas sector. The activities of Chevron, Shell, Petrobras, Jubilee partners, and ENI underscore the sector's potential and the government's commitment to fostering investment.
Key Details
- Investment by Jubilee partners
- $2 billion
- Wells to be drilled by Jubilee partners
- 20
- Investment by ENI and partners
- $1.5 billion
Context & Background
Ghana has been actively seeking to attract foreign investment in its petroleum sector, with recent developments including the signing of exploration agreements and announcements of significant investments.
Original Reporting & Sources
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