A New Chapter: GNPC and Petroleum Commission's Strategic Partnership
The Ghana National Petroleum Corporation (GNPC) and the Petroleum Commission (PC) have signed a Promotion, Marketing, and Revenue Sharing Agreement, solidifying their partnership to advance Ghana’s upstream petroleum sector. The agreement, signed at GNPC’s Training Centre, focuses on data from GNPC’s Reconnaissance License on the Voltaian Basin Project.
The new framework establishes a clear structure for the joint promotion and marketing of 2D seismic and geochemical data collected by GNPC. It also outlines the process for sharing revenue generated from future data licensing activities. This collaboration is designed to accelerate investment in Ghana's onshore sedimentary basin and ensure fair value creation from national data resources.
Mr. Kwame Ntow Amoah, GNPC's Acting CEO, described the agreement as a significant step toward maximizing the value of Ghana's data assets through transparency and cooperation between the national oil company and the regulator. He urged all stakeholders to remain committed to unlocking the full potential of the Voltaian Basin, which he called a "lifeline" for the nation's energy future.
“With the right investment and commitment, we can replicate the success of Ghana’s offshore sector right here onshore and lead this development on our terms,” he added.
Ms. Emeafa Hardcastle, CEO of the Petroleum Commission, welcomed the agreement as a timely and forward-looking partnership. She highlighted the collaboration as a demonstration of both institutions’ dedication to advancing Ghana’s upstream agenda.
“This agreement couldn’t have come at a better time,” she stated, thanking GNPC for its sustained collaboration and promising the Commission’s full support in marketing Ghana's resources for the benefit of all.
The Voltaian Basin Project is GNPC's flagship initiative to unlock the country’s untapped hydrocarbon potential in its inland sedimentary basin. This new agreement marks a crucial step in that effort.