Minister for Energy and Green Transition, John Abdulai Jinapor, held crucial discussions with key partners of the 1,560-square-kilometre East Cape Three Point Block on Wednesday, 26th February 2025. Apexnewsgh reports
The meeting took place on the sidelines of the International Energy Week in the United Kingdom, with a focus on developing Ghana’s offshore oil and gas sector.
The East Cape Three Point Block, located in the Offshore Tano Basin, is currently operated by Medea Development Ltd and Cola Natural Resources. Potential partners, including Strategic Fuel Fund, Safri West Energies, and Jade Energy, reaffirmed their commitment to exploring the field, aiming to achieve first oil production by 2028 or 2029.
Preparations are underway to commence the first exploration well drilling, either later this year or early next year. Minister Jinapor emphasized the Ghanaian government’s dedication to implementing investor-friendly policies while safeguarding the country’s interests. He stressed the importance of a balanced and sustainable approach to developing Ghana’s natural resources.
Jinapor assured investors that Ghana’s upstream petroleum sector remains open to business, highlighting the nation’s strong regulatory framework and conducive investment climate. He encouraged stakeholders to collaborate effectively to drive innovation and efficiency within the industry.
The meeting served as a platform to strengthen partnerships and reaffirm Ghana’s commitment to enhancing its energy sector. With exploration efforts set to advance, the East Cape Three Point Block is poised to contribute significantly to Ghana’s long-term energy strategy.
Source: Apexnewsgh.com
