Ghana State Oil Company Is Mopping Up Assets to Get More Control
- State-owned company recently increased stakes in Jubilee, TEN
- CEO wants agreement in 2021 on stake in Aker-operated block
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Ghana National Petroleum Corp. is stepping up to fill the shoes of departing international oil companies and better control the development of projects, said the state-owned company’s top executive.
GNPC recently agreed to pay Occidental Petroleum Corp. $200 million to grow its share in the Jubilee and TEN fields, and is in talks over similar moves in other blocks, Chief Executive Officer Kofi Koduah Sarpong said Oct. 16 in an interview in the capital, Accra.