Ghana latest to announce bid round plans
NEW DELHI, April 13, 2018 – Ghana will conduct its first exploration licensing round in Q4, international media reported on Thursday.
The country, which currently produces about 200,000 bopd, is preparing to offer around six offshore licences, deputy energy minister Mohamed Amin Adam told Reuters.
It is the latest newcomer on the competitive bidding scene. In recent weeks, two of the UAE’s emirates, Abu Dhabi and Ras Al Khaimah, have launched their own first bid rounds, while the Philippines has announced similar plans. In addition, Sri Lanka and Canada’s province of Newfoundland and Labrador are reportedly preparing to put offshore acreage on offer.