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Our Business - Strategy

The overarching strategic goal of GNPC is to become a stand-alone operator by 2019 and a world-class operator by 2027. In pursuit of this goal the Corporation adopted the ‘accelerated growth strategy’ in 2012, anchored on four key pillars, namely:

  1. Building capacity and expanding activities - Investing systematically and prudently in building operating capability to manage a wider portfolio of producing assets.
  2. Replacing and growing reserves - Investing in high impact initiatives for the replacement and growth of reserves.
  3. Efficient capitalization and optimum participation - Securing capital at the lowest possible cost to maintain an optimum level of participation in petroleum operations.
  4. Catalysing local content development - expediting the creation of an appropriate environment for Ghanaian participation in the upstream sector of the petroleum industry.

Update on the journey to become a world class operator
Generally, we are on course to achieving our goal of attaining operatorship in 2019. The Corporation has adopted a phased approach to achieving full operatorship by 2019. The first phase involves entering into joint venture/ joint operator arrangements with world class operators to achieve rapid transfer of operating capabilities. Thereafter, the Corporation will systematically assume full operatorship based on well-defined risk and opportunity assessments. With a newly incorporated subsidiary - Exploration and Production Company Limited (Explorco), GNPC is participating in incorporated joint ventures, with commercial interests held by Explorco. 

This year, 2016, marks the mid-term of the accelerated growth strategy, therefore, a comprehensive review of the strategy will be conducted during the year to determine any gaps militating against the plan, and propose recovery measures necessary to overcome any shortfalls. 

 
 
 
 
 
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PETROLEUM HOUSE

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GNPC, PMB, PETROLEUM HOUSE
TEMA-GHANA


PHONE: +233-303-206020 | 0303-204654
FAX: +233-303-206592 | 0303-202854
EMAIL: info@gnpcghana.com
Digital Address : GT-057-5003
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