Best Investment Opportunities In Oil And Gas In Ghana For Investors (No #4 Will Surprise You)

Acheampong & Associates has been in the business of providing legal services for the past half-decade. Established in 2015, we have consistently pursued a client-centered strategy prefaced on a clear understanding of their needs. Our specialties are Immigration, Corporate, and Family laws respectively. We have developed a strong niche in the provision of excellent immigration and corporate solutions for individuals and organizations. As a part of our strategy, we have devoted time to educate the public, by way of articles, on legal issues they confront . Our objective is to help our clients make sound legal decisions and navigate their way through the heap of cumbersome legal requirements and processes.

Explore Firm Details

Ghana is one of the emerging oil and gas producers in the world. There has been considerable growth in this sector since oil was discovered in commercial quantities in 2007.

Ghana Energy and Natural Resources

GENERAL OVERVIEW

Ghana is one of the emerging oil and gas producers in the world. There has been considerable growth in this sector since oil was discovered in commercial quantities in 2007. Ghana has three major offshore oil and gas fields. These are the Jubilee, Tweneboa Enyera Ntomme (TEN) and Sankofa-Gye Nyame fields. These fields collectively produced a combined total output of 55.06 million barrels in 2021.

UPSTREAM SUB-SECTOR

This sector involves deep-water exploration and extraction of oil and gas. There are currently 17 oil blocks in Ghana.

MID-STREAM SUB-SECTOR

The mid-stream sub-sector in Ghana is in the development stage. Ghana has only one oil refinery located in the port city of Tema. This refinery, however, is not operating to total capacity.

As a result, Ghana imports considerable amounts of refined fuel from Italy, the Netherlands and the United Arab Emirates.

DOWN-STREAM SUB-SECTOR

This sector consists of activities related to the distribution and marketing of petroleum products.

REGULATORS

Ministry of Energy
Petroleum Commission of Ghana
National Petroleum Authority

KEY ATTRACTION HIGHLIGHTS

INVESTMENT GUARANTEES AND INCENTIVES

There are tax incentives for companies operating in the oil and gas sector. These include corporate tax exemptions and waivers on import duties, guarantees against expropriation and Double Taxation Agreements.

GOOD GOVERNMENT POLICIES

Ghana has a robust regulatory framework for the oil and gas industry. This creates an enabling environment for investment in the oil and gas industry.

BEST INVESTMENT OPPORTUNITIES IN OIL AND GAS IN GHANA

PROVISION OF AN INDEPENDENT POWER PLANT

There are opportunities for investment in the provision of independent power plants to power oil and gas extraction equipment to boost productivity.

PROVISION OF 4D SEISMIC TECHNOLOGY

There are opportunities for introducing 4D seismic technology to provide more reliable data on changes in reservoirs.

image2

INVESTMENT IN NATURAL GAS INFRASTRUCTURE

There are opportunities for investment in LNG infrastructure to support Ghana's LNG terminal, which is being constructed.

PROVISION OF DRILLING PRODUCTS AND SERVICES

There are opportunities for investment in the provision of various drilling products and services to support the extraction activities of oil and gas companies.

PROVISION OF REFINERY, STORAGE MARKETING AND TRANSPORTATION OF PETROLEUM PRODUCTS

There are opportunities for investment in the midstream subsector, particularly in the operation of oil and gas refineries, to reduce Ghana's dependence on imported refined fuel.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.