The Minister for Energy and Green Transition, John Abdulai Jinapor, on Wednesday, 26th February 2025, held discussions with key partners of the 1,560-square-kilometre East Cape Three Point Block.
The meeting took place on the sidelines of the International Energy Week in the United Kingdom, focusing on the development of Ghana’s offshore oil and gas sector.
The East Cape Three Point Block, situated in the Offshore Tano Basin, is currently operated by Medea Development Ltd and Cola Natural Resources.
Potential partners, including Strategic Fuel Fund, Safri West Energies, and Jade Energy, reaffirmed their commitment to exploring the field to achieve first oil production by 2028 or 2029.
They indicated that preparations were underway to commence the first exploration well drilling either later this year or early next year.
In addressing the partners, Mr Jinapor reiterated the Ghanaian government’s dedication to implementing investor-friendly policies while ensuring the country’s interests are well safeguarded.
He underscored the importance of fostering a balanced and sustainable approach to the development of Ghana’s natural resources.
The Minister further assured investors that Ghana’s upstream petroleum sector remains open to business, emphasising the nation’s strong regulatory framework and conducive investment climate.
He encouraged stakeholders to collaborate effectively in order to drive innovation and efficiency within the industry.
The meeting served as a platform to strengthen partnerships and reaffirm Ghana’s commitment to enhancing its energy sector.
With exploration efforts set to advance, the East Cape Three Point Block stands as a promising contributor to the nation’s long-term energy strategy.
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