Ghana to allocate nine oil blocks by Q4
Ghana Three of the blocks will be auctioned in an open competitive tender, and two are to be allocated through a restricted tender. Ghana National Petroleum Corporation will take over four of the blocks, Graphic Business reported.
“We are doing this because it is the plan of the government to undertake an aggressive exploration of the country’s oil reserves within its territorial waters,” the minister said.
In April, Deputy Energy Minister Mohamed Amin Adam announced the country would hold an exploration licensing round in Q4.
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