Adnan Adams Mohammed
The Petroleum Commission of Ghana Chief Executive Officer, as part of his effort to attract new investors to take up interest in oil blocks, have set up meetings with a number of firms in Cape Town, South Africa.
Egbert Faibille, after his impressive presentation on the opportunities and conducive business environment available to investors in the upstream oil sector in Ghana, a number of investors followed up to the Ghana stands at the on-going African Oil Week to discuss the blocks available for direct negotiation and farm-in.
Among some of the firms that held meetings with the Petroleum Commission CEO is, PVE Consulting Ltd, which is an international advisory consulting firm for the upstream Exploration and Production sector. The firm is engaged with a number of oil and exploration companies, across Africa and other regions, with high level mandates in transaction support and exploration campaigns.
“PVE has twenty years experience in providing management services across the upstream sector and assist countries to attract potential investors in oil blocks”, Peter Elliot, Director of PVE Consulting UK said in the meeting.
Mr Egbert was delighted for the interest shown by the firms in helping Ghana to develop its decade upstream oil sector.
The blocks available for direct negotiation are the; Offshore Cape Three Points South, Shallow Water Cape Three Points and South West Saltpond. Those available for Farm-in are; Expanded Shallow Water Tano (Operated by Base Energy Ghana) and Deep Water Cape Three Points (Operated by Goil Offshore Ghana).
‘Hopes are that by end of first 2023, at least two of the blocks could have been awarded’, the CEO of the Commission has said in an interview at the sideline of the Africa Oil Week Summit in Cape Town, South Africa.
