Ghana aims to speed up
Stranded asset concerns encourage west African nation to get its oil out as quickly as possible
Ghana is in the process of reforming its laws in a bid to quicken the pace of oil production—in case its reserves loses their value before they can be extracted. “You do not know whether oil is going to remain relevant in the future or not… So, our strategy going forward is that of aggressive exploration,” the country’s deputy minister for petroleum Mohammed Amin Adam told an energy transition debate at Africa Oil Week in Cape Town on Wednesday. One way in which Ghana plans to increase production is to make it easier to explore in already licensed and productive areas. “We are changing our law to allow companies that are producing within their development and production area to do further ex
Also in this section
10 December 2024
Sector at economic and strategic crossroads, but clear path ahead for midstream additions
30 November 2024
Decades of turmoil have left Iraq’s vast energy potential underutilised, but renewed investment and strategic reforms are transforming it into a key player in the region
29 November 2024
The country's fifth and sixth oil and gas bid rounds have attracted a range of new players with gas as well as oil ambitions—and there’s a seismic shift in the contracting process
28 November 2024
Iraq is charting a new path for its indigenous resources and its youth, hoping to electrify the future with a mix of reforms and modernisation to fuel growth
