Projects

WEST CAPE THREE POINTS - BLOCK 2

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In accordance with Ghana’s local content and participation regulations, which require that international oil companies partner local counterparts who must have at least five percent equity stakes in exploration and subsequent production blocks, First Exploration and Petroleum Development Company Limited in partnership with Elandel Energy (Ghana) Limited has been allocated the block GH_WB_02. Similarly, ENI Ghana Exploration and Production Limited in partnership with Vitol Upstream Tano Limited emerged winners of block GH_WB_03.

First Exploration is a Nigerian company which began operations in 2012. It has since won exploration bids for two blocks in that country, and subsequently has been granted operatorship. It has secured financing from Schlumberger and is now working on a development plan, having completed full seismic studies. Its joint venture with the Dangote Group, West African Exploration and Production Company is also developing a re-entry plan for two other blocks in Nigeria.

https://www.petrocom.gov.gh/2019/07/govt-allocates-2-oil-blocks/