In accordance with the Petroleum (Exploration and Production) Act 2016, Act 919; Sec 10 (3):
A petroleum agreement shall only be entered into after an open, transparent and competitive public tender process.
In furtherance to the above, the Ministry of Energy will be conducting licensing rounds in due course. Information including the ones indicated below will be provided on this platform when they are available.
DATE OF LICENSING ROUNDS AND VENUE
EXPRESSION OF INTEREST
GENERAL PROCEDURE REQUIREMENT FOR TENDER
INVITATION TO TENDER
BID - INFORMATION OR MODE OF SUBMISSION AND CONTENT OF BID
QUALIFICATION REQUIREMENT FOR OPERATOR
COMMITTEE TO OVERSEE ALLOCATION OF OIL BLOCKS INAUGURATED
A Committee to oversee the allocation of oil blocks to local and international companies through proper evaluation and negotiation has been inaugurated by the Ministry of Energy.
The Committee known as the Licensing Bid Rounds and Negotiation (LBRN) Committee is made up of 23 members, drawn from the Ministry of Energy, Ghana National Petroleum Corporation (GNPC), Environmental Protection Agency (EPA), Ghana Revenue Authority (GRA), Ministry of Finance, Attorney-General’s Department, Petroleum Commission and the Ghana Maritime Authority.
The setting up of the Committee is in line with preparation for the allocation of oil blocks in accordance with the Petroleum Exploration and Production Act (Act 919).
Nine oil blocks had been mapped out in the Western Basin for allocation to companies interested in oil exploration. Out of the nine blocks, six would be allocated between 2018 and 2019 while the remaining three would form the basis for a second bidding round. Read More...