Ghanian minister of energy chooses Scotland to promote trade & investment opportunities

Ghanian minister of energy chooses Scotland to promote trade & investment opportunities

On the morning of 27th September, the Scottish Africa Business Association, in partnership with the Scottish Chambers of Commerce (SCC), is hosting a Ministerial delegation from Ghana in Scotland for a series of private meetings to discuss the opportunities for Scottish businesses arising from the release of 5 offshore blocks.

The delegation will be led by His Excellency Honorable Matthew Opoku Prempeh, minister of energy, and will include Mr Opoku-Ahweneeh Danquah, CEO of the Ghana National Petroleum Corporation and Mr Egbert Faibille, CEO of the Petroleum Commission, a number of senior officials and the rights holders to the farm in blocks.

Below is a brief overview of the blocks which will be discussed:

  • Block 1 – Deep Water Cape Three Points Block, a farm in opportunity to partner with GOIL Offshore Ghana
  • Block 2 – Offshore Cape Three Points South, for development
  • Block 3 – Shallow Water Cape Three Points, for development
  • Block 4 – South West Salt Point Block, for development
  • Block 5 – Expanded Shallow Water Tano Block, farm in opportunity to partner with Base Energy Ghana

This will be the only promotion of these blocks in the UK and an opportunity to discuss all aspects privately with the decision and policy makers.

International trade director for the Scottish Chambers of Commerce, Seona Shand, said: “The Minister of Energy for Ghana has chosen to visit Scotland in order to meet with UK businesses as the country prepares to offer new oil and gas exploration blocks in the Eastern and Western offshore basins. This sector has experienced considerable growth with the prices of petroleum commodities regulated by an independent board.

“Ghana’s Ministry of Energy is keen to meet with UK operators, energy supply chain companies and those involved in skills and training, as part of its announcement of investment projects for the next three years, has highlighted a number of opportunities including training programs, development of infrastructure and the construction of three refineries with a capacity of 300,000 BPSD.”

She added: “There is a real need for energy sector firms in the UK to partner with local Ghanaian businesses to support the offshore activities of the international oil companies. Domestic Ghanaian businesses don’t have the ability to produce a comprehensive range of services so joint venture firms with foreign partners contributing technology and know-how to a partnership are highly desired.”

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