GNPC and Explorco Champion Investment in Ghana’s Upstream Energy Sector at Accra Investor Briefing
On April 14, 2025, the Ghana National Petroleum Corporation (GNPC) and its exploration arm, Explorco, showcased Ghana’s upstream oil and gas potential at the Invest in African Energies: Accra Briefing, held at the Kempinski Hotel. The event convened energy stakeholders and global investors to discuss opportunities in Ghana’s petroleum industry ahead of African Energy Week in Cape Town.
Speaking at the executive roundtable, Mr. Victor Kofi Sunu-Attah, Technical Advisor to GNPC’s CEO and former General Manager of Engineering, highlighted the sector’s untapped potential despite a 25% production decline since 2019. “Ghana’s Jubilee, TEN, and adjacent fields hold over 640 million barrels of oil and 1.2 trillion cubic feet of gas,” he stated. “GNPC is advancing research to unlock these resources and invites credible partners to collaborate on exploration and development.”
Mr. Michael Aryeetey, Managing Director of Explorco, outlined the company’s focus on frontier exploration, notably in the Voltaian Basin. He announced plans to drill Explorco’s first well in the basin in Q1 2026—the first such activity since 1974. “The Voltaian Basin is a national priority with significant potential, “Mr. Aryeetey said. “We seek strategic partners to join us in realizing its value.”
Both speakers underscored the need for robust public policy, regulatory reforms, and a stable investment environment to rebuild investor confidence and drive upstream growth. The briefing also featured discussions on Ghana’s strategy to attract investment through unlicensed offshore blocks and preparations for future licensing negotiations.
GNPC and Explorco reaffirmed their commitment to leading policy innovation, fostering partnerships, and securing Ghana’s energy future through sustainable upstream development.