The Minister for Energy, Dr. Matthew Opoku Premier will leading an official delegation to this year's Offshore Technology Conference (OTC)in Houston, Texas in the United States of America (USA).
The event is scheduled to be from 15th to 19th August, 2021.
In a statement issued by the Communication and Public Affairs Unit, it said " Ghana's delegation includes senior officials from the Ministry and various sector agencies as well as other international exploration and service companies. Meetings with high-ranking personalities from companies in the oil and gas sector in Texas are also on the agenda, together with an engagement with the Ghanaian community in Houston.
The statement adds that on Wednesday, 18th August, 2021, the Minister will deliver the keynote address at the West Africa Oil and Gas Forum on "US-West Africa: Sharing Proaperity in Oil and Gas Resources.
About Offshore Techoloy Conference (OTC)
OTC ranks among the largest 100 tradeshows held annually in the United States and is among the 10 largest meetings in terms of attendance.
Ghana has significant investment opportunities arising out of its oil and gas sector and these opportunities position the country to be a leading player on the African energy market, with significant implications for her industrialisation, jobs, technology and skills transfer and ultimately her economic agenda.
The areas that will be highlighted during the conference include;
Acreages for exploration: Ghana has four (4) sedimentary basins namely: Voltaian Basin, Central Basin, Eastern Basin, Western Basin.
All of the country’s current production comes from the Western Basin. This presents an opportunity for investors to invest in the other (3) basins.
GNPC has conducted seismic surveys over the Voltaian basin, and these will provide potential investors with adequate data to make favourable investment decisions concerning Ghana.
Plans are also underway to acquire data on the other two under explored basins to ensure data availability for similar reasons.
Farm in opportunities: Farm-ins present an opportunity for prospective investors to operate in Ghana through an existing Petroleum Agreement without having to go through the application process.
There are opportunities in the following Petroleum Agreements: West Cape Three Points Block-2, Central Tano Block, East Keta Block, Deepwater Cape Three Points West Offshore Block, Expanded Shallow Water Block Offshore and Offshore South West Tano Block.
Gas Market: The natural gas sector is relatively new in Ghana, however, the sector has experienced some significant infrastructure development e.g the Western Corridor Gas Infrastructure Development Project. The Gas Processing Plant (GPP) at Atuabo has an installed capacity of 150 mmscfd.
However, given the potential for increased associated gas production from the offshore fields, plans are underway to upgrade the GPP’s Capacity to 300 mmscfd as part of the Phase 2 of the WCGIDP.
There is also the opportunity for private sector entities to partner Ghana Gas to construct pipelines that will transport natural gas to various demand centres across the country.
Below is a copy of the press release:
Story by: Joshua Kwabena Smith
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