ExxonMobil expands to Ghana to grow Exploration Programme

The largest publicly traded international oil and gas company, ExxonMobil recently opened a new office in Accra, Ghana to advance 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 program 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.

Commenting on the development, the vice president of Sub-Saharan Africa exploration, ExxonMobil, Pam Darwin, said that “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.”

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

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

The Deepwater Cape Three Points block, 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).