The Government of Ghana has signed two Memoranda of Understandings (MoUs) with Eni Ghana, Vitol Upstream Tano Limited and the Ghana National Petroleum Corporation (GNPC) covering offshore acreages GH WB 3 and GH WB 8 in the Tano Basin.
The agreements were signed on Thursday on behalf of the government by the Minister for Energy and Green Transition, John Abdulai Jinapor.
Representatives of Eni Ghana, Vitol Upstream Tano Limited and GNPC also signed the agreements on behalf of their respective institutions.
According to the Ministry of Energy and Green Transition, the MoUs form part of efforts to unlock Ghana’s remaining hydrocarbon potential and attract fresh investment into the country’s upstream petroleum sector.
The two offshore blocks cover approximately 2,100 square kilometres, with water depths ranging from 750 metres to 2,800 metres.
The latest agreements build on a Memorandum of Intent signed in 2025, which proposed an investment of $1.5 billion in the development of Ghana’s upstream petroleum potential.
The government said the development forms part of reforms being pursued under President John Dramani Mahama to create a more competitive, predictable and investment-friendly petroleum sector while ensuring the responsible development of Ghana’s natural resources.
The Ministry said the proximity of the two acreages to existing producing fields and petroleum infrastructure would enable investors to leverage Ghana’s established upstream ecosystem as exploration activities progress.
The government is expected to continue implementing reforms aimed at attracting investment, accelerating exploration and production, and ensuring that Ghana derives maximum and sustainable value from its hydrocarbon resources.
The agreements are therefore expected to strengthen Ghana’s efforts to expand exploration activities and position the country’s upstream petroleum sector for renewed investment.
