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Ghana is advancing plans for the state-owned Ghana National Petroleum Corporation to assume control of the WCTP2 offshore block, an asset estimated to contain more than 1.5 billion barrels of oil and over a trillion cubic feet of gas. The block, discovered by Springfield E&P, is considered one of the country’s largest undeveloped resources.
Officials argue that national control could accelerate development and bolster energy security at a time when output from existing fields is dec... see more
Ghana is advancing plans for the state-owned Ghana National Petroleum Corporation to assume control of the WCTP2 offshore block, an asset estimated to contain more than 1.5 billion barrels of oil and over a trillion cubic feet of gas. The block, discovered by Springfield E&P, is considered one of the country’s largest undeveloped resources.
Officials argue that national control could accelerate development and bolster energy security at a time when output from existing fields is declining. Analysts, however, stress the need for transparency and proper valuation to ensure the deal serves the public interest.
If the takeover proceeds smoothly, it could reinvigorate Ghana’s upstream sector and position the country for a new phase of production growth.
#powerofafrica #africa
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If you can see this, go take some water okay? Your kidneys need it.
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4 militants with guns deployed to cause mayhem in Ketu South have been arrested by the people. If your family member has been given a military uniform and a gun to intimidate Ghanaian voters in any part of the Volta Region, please, advise them to go back home in peace.
#Ketu
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Most men don’t know what to do with a woman who’s not impressed by money.
— Serwaa Amihere speaks
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