Acting CEO of GNPC, Kwame Amoah & CEO of Petroleum Commission, Emeafa Hardcastle signed the deal
The Ghana National Petroleum Corporation (GNPC) and the Petroleum Commission (PC) have signed a Promotion, Marketing and Revenue-Sharing Agreement covering all data acquired under GNPC’s Reconnaissance License on the Voltaian Basin Project.
The agreement, formalised at a brief ceremony at GNPC’s Training Centre on Mankata Avenue, Accra, provides a framework for the joint promotion and marketing of 2D seismic and geochemical data collected by GNPC. It also outlines modalities for revenue sharing from future data licensing activities.
The signing of this agreement underscores the commitment of GNPC and PC to accelerating upstream investment in Ghana’s onshore sedimentary basin, while ensuring value creation and fair benefit-sharing from national data resources.
The Acting Chief Executive Officer of GNPC, Kwame Ntow Amoah, who signed on behalf of GNPC, said the agreement marks “a significant step forward in maximizing the value of Ghana’s data assets while ensuring transparency and collaboration between the National Oil Company and the Regulator.”
He called on all stakeholders to stay the course, reset where necessary, and unlock the full potential of the Voltaian Basin Project for the benefit of the country.
“This project is a lifeline. 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 own terms,” he added.
On her part, Emeafa Hardcastle, CEO of the Petroleum Commission, welcomed the agreement as both timely and forward-looking, describing the partnership as “a demonstration of both institutions’ commitment to advancing Ghana’s upstream agenda.”
“This agreement couldn’t have come at a better time. We will continue to collaborate and strategise to ensure smooth, seamless progress for our industry,” she said.
She also expressed appreciation to GNPC for its sustained collaboration and assured the Corporation of the Commission’s full support in marketing Ghana’s resources to deliver maximum shared benefits for all.
The Voltaian Basin Project is GNPC’s flagship onshore initiative, aimed at unlocking Ghana’s untapped hydrocarbon potential in the country’s inland sedimentary basin.
