GNPC and Vitol Explore Prudent Collaboration to Boost Investment and Production
The Ghana National Petroleum Corporation (GNPC) is intensifying efforts to attract investment and reverse the decline in oil and gas production through strategic partnerships. This focus was highlighted during a meeting in Accra between GNPC’s Ag Chief Executive Officer, Mr. Kwame Ntow Amoah, and a delegation from Vitol, a leading global energy company, led by Peter Coulson, E&P Asset Manager, and Robert Derby, Accra Office and Finance Manager.
Mr. Ntow Amoah underlined Ghana’s commitment to fostering an investor-friendly environment amid challenges facing its upstream sector. He emphasized GNPC’s readiness to collaborate with partners like Vitol to enhance output from existing fields, explore untapped opportunities, and drive sustainable growth. “GNPC is poised to take decisive action to address production declines and unlock new potential. Strengthening partnerships and ensuring a competitive business climate are critical to achieving these objectives,” he remarked.
Peter Coulson of Vitol acknowledged the opportunities in Ghana’s energy landscape but stressed the necessity of mitigating investment barriers to improve the sector’s attractiveness to international stakeholders. Discussions focused on optimizing production, deepening bilateral cooperation, and ensuring long-term energy stability for Ghana.
The engagement demonstrates a shared intent to strengthen connections and establish Ghana as a credible, investment-ready participant in the global energy market. For GNPC, the discussions indicate a proactive shift toward revitalizing the country’s oil and gas industry through strategic partnerships and operational efficiency.