Ghana National Petroleum Corporation (GNPC) and Malaysia’s PETRONAS have begun a two-week technical and commercial engagement in Accra to examine potential investment and collaboration opportunities in Ghana’s upstream petroleum sector.
The engagement brings specialists from both institutions together at the GNPC Research and Technology Centre, with discussions spanning exploration, discovered assets, subsurface and geology, engineering, new ventures and commercial and business development.
A cross-functional GNPC team comprising geologists, geophysicists, engineers, new-venture specialists and commercial professionals is engaging counterparts from PETRONAS to exchange technical information and assess areas of potential interest.
The talks give GNPC an opportunity to present Ghana’s upstream petroleum prospects to one of the world’s major energy companies while allowing the two sides to examine potential areas for future cooperation.
Hamis Ussif, Deputy Chief Executive for Finance, Commercial and Administration, welcomed the PETRONAS delegation on behalf of the GNPC Chief Executive and expressed the corporation’s readiness to support the discussions.
Dr. Albert Longdon-Nyewan, Director of Projects, said GNPC was interested in working collaboratively with PETRONAS and pursuing opportunities that could support investment in Ghana’s petroleum sector.
The engagement comes as GNPC seeks to strengthen strategic relationships and attract the technical expertise and capital needed to develop Ghana’s petroleum resources.
The discussions cover both technical and commercial areas, potentially linking geological and engineering assessments with new-venture and business-development considerations.
For GNPC, the engagement provides an opportunity to combine its knowledge of Ghana’s upstream assets with PETRONAS’s technical capabilities and explore where the two institutions could develop a basis for future collaboration.
No investment agreement or specific transaction was announced as part of the engagement. The two-week programme is focused on technical information-sharing, commercial discussions and identifying potential areas of interest.
The outcome could nevertheless provide a basis for further discussions on upstream opportunities as Ghana seeks to deepen investment and development across its petroleum sector.
