Business

ExxonMobil makes progress in offshore exploration …as it opens Ghana office

ExxonMobil has opened a new office in Ghana to progress offshore exploration programmes.

ExxonMobil Exploration & Production Ghana (Deepwater) Limited acquired rights in 2018 to explore the ultra-deepwater block Deepwater Cape Three Points.

The petroleum agreement was ratified in April 2019. ExxonMobil plans to begin 3-D seismic acquisition later this year. 

Once the seismic programme has been completed, together with partners Ghana National Petroleum Commission (GNPC) and GOIL Offshore Limited, the company will evaluate the potential for drilling its first exploration well in the country.

Pam Darwin, vice president of sub-Saharan Africa exploration and new ventures at ExxonMobil in a statement said, “This office will help us progress our exploration programme in Ghana. We look forward to working closely with our partners and the government to bring value to the Ghanaian people through our business and community involvement.”

“We appreciate the support we have received from all of our stakeholders in Ghana, particularly from Energy Minister John Peter Amewu and his team,” Mr Darwin added. 

The Deepwater Cape Three Points block, is located 57 miles (92 kilometers) off the coast of Ghana. It measures approximately 366,000 acres (1,482 square kilometers) in water depths ranging from 5,085 feet to 9,350 feet (1,550 meters to 2,850 meters).

ExxonMobil holds 80 per cent interest in the Deepwater Cape Three Point block. Ghana National Petroleum Corporation holds 15 per cent and GOIL Offshore Limited holds 5 per cent.

By Times Reporter

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