Ghana strikes $2bn oil deal with global energy firms to extend Jubilee, TEN production to 2040

Ghana strikes $2bn oil deal with global energy firms to extend Jubilee, TEN production to 2040

Ghana has reached an agreement with international oil companies to extend licences for its flagship offshore oil fields to 2040, unlocking up to $2bn in fresh investments aimed at boosting energy output and long-term economic growth.

Gov’t strikes US$2bn deal with energy majors_ extend oil licences to 2040

By Joshua Worlasi AMLANU Government has signed a memorandum of understanding with international oil firms and state-owned partners to extend two key offshore production licences until 2040, unlocking up to US$2billion in new investment aimed at bolstering crude output and gas supply. The agreement, announced in a statement on Wednesday, June 4, 2025, involves government, Tullow Oil Plc, Kosmos Energy Ltd., PetroSA, Ghana National Petroleum Corpo…

Ghana, companies sign MOU to extend Ghana licenses to 2040 - Drilling Contractor

Tullow, Kosmos, PetroSA, Ghana National Petroleum Company (GNPC) and Explorco entered into a Memorandum of Understanding (MOU) with the government of Ghana to extend the West Cape Three Points and Deep Water Tano licenses to 2040, which cover the Jubilee and TEN fields in Ghana. The MOU includes approval to drill up to 20 additional … The post Ghana, companies sign MOU to extend Ghana licenses to 2040 appeared first on Drilling Contractor.

Oil Prices Face Mixed Pressures Amid Supply Shifts, Geopolitical Support

News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://newsghana.com.gh/oil-prices-face-mixed-pressures-amid-supply-shifts-geopolitical-support/Crude oil futures face sustained risk as trader caution meets volatile market conditions. Sentiment remains divided following Thursday’s U.S. inventory report. The data showed a larger-than-expected draw in crude stocks, contrasting with a bigger-than-anticipated build in gasoline…

Ghana Extends Production Licenses to 2040 for Two Fields

The MOU with Kosmos Energy, Tullow Oil, Ghana National Petroleum and others includes approval to drill up to 20 more wells in the Jubilee field.

Ghana oil production licence extend

The Government of Ghana and partners have signed a memorandum of understanding (MOU) to extend Ghana production licences to 2040.