GOIL, ExxonMobil sign partnership

Ghana
Ghana Oil Company (announced plans to move into the upstream sector by partnering with an IOC with deepwater experience in April and was reported to be the leading bidder to partner with Exxon on the Deepwater Cape Three Points block in May. The Energy Ministry saw the company as the most appropriate candidate because it can access capital through the Social Security and National Insurance Trust, which owns a 25% stake in GOIL.

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