Ghana looks to market more oil and gas blocks

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Ghana is looking to boost its oil and gas production by selling more exploration rights, aiming to avoid leaving valuable fossil fuels in the ground and generate revenue to fund its energy transition, a Ghanaian official said on Tuesday.

The West African country is suffering its worst economic crisis in generations and has been seeking investors from countries such as the United States, China and India for its oil and gas sectors.

Mercer said Ghana is marketing oil and gas blocks including both new acreages and fields relinquished by ExxonMobil. Sankofa, a major gas field in Ghana and part of the Offshore Cape Three Points , has boosted gas output to 235 million scfd from 210 million scfd after some enhancement programmes, he added.

 

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