The Ghana Nationwide Petroleum Company (GNPC) and the Petroleum Fee (PC) have signed a Promotion, Advertising and marketing and Income Sharing Settlement overlaying all the info acquired underneath GNPC’s Reconnaissance License on the Voltaian Basin Challenge.
The settlement, formalised at a short assembly at GNPC’s Coaching Centre at Mankata Avenue, Accra, offers a framework for the joint promotion and advertising and marketing of 2D seismic and geochemical knowledge collected by GNPC.
It additionally outlines modalities for income sharing from future knowledge licensing actions.
The signing of this Settlement highlights GNPC and PC’s dedication to accelerating upstream funding in Ghana’s onshore sedimentary basin, whereas guaranteeing worth creation and truthful profit sharing from nationwide knowledge sources.
The Performing Chief Govt Officer of GNPC, Kwame Ntow Amoah, signing on behalf of GNPC, stated, “The settlement marks a major step ahead in maximising the worth of Ghana’s knowledge belongings whereas guaranteeing transparency and collaboration between the Nationwide Oil Firm and the Regulator.”
He known as on all stakeholders to remain the course, reset the place needed, and unlock the complete worth that the Voltaian Basin challenge holds for the nation.
“This challenge is a lifeline. With the precise funding and dedication, we are able to replicate the success of Ghana’s offshore sector proper right here onshore — and lead this growth on our phrases,” he added.
Emeafa Hardcastle, CEO of the PC, on her half, welcomed the settlement as well timed and forward-looking, describing the partnership “as an illustration of each establishments’ dedication to advancing Ghana’s upstream agenda.”
“This settlement couldn’t have come at a greater time. We are going to proceed to collaborate and strategise to make sure easy, seamless progress for our business.”
She thanked GNPC for its sustained collaboration and guaranteed GNPC of the Fee’s utmost help in advertising and marketing Ghana’s sources to ship shared most achieve for all.
The Voltaian Basin Challenge is GNPC’s flagship onshore initiative geared toward unlocking Ghana’s untapped hydrocarbon potential within the nation’s inland sedimentary basin.
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