By Joanita Amegashie | Contributor – Sankofaonline.com
A Landmark Press Conference in Accra
Accra, December 16, 2025 — Cybele Energy Limited, a Ghanaian-owned and woman-led enterprise, has formally commemorated the signing of an offshore exploration agreement with the Cooperative Republic of Guyana. The press conference, held in Accra, marked a transaction that advances commercial interests while reshaping the narrative of African participation in upstream oil and gas. It is the first African company awarded an oil block in Guyana.
The Agreement
- Date Signed: December 9, 2025
- Type: Production Sharing Agreement (PSA)
- Block: Shallow-Water Block S7, Guyana
- Size: ~2,000 square kilometres
- Potential: Up to 400 million barrels of recoverable oil (pending seismic studies, drilling, and appraisal)
This milestone positions Cybele Energy at the forefront of Africa’s expanding role in international energy exploration.
Symbolism and Strategic Importance
Dr. John Apea, Head of Mission in Ghana for the Commonwealth Enterprise and Investment Council, described the agreement as “a powerful testament to the Commonwealth advantage.” He emphasized that Cybele Energy is the first African-owned and first woman-led energy company to secure an offshore oil block in Guyana. According to him, the deal signals the beginning of a deeper strategic relationship between Ghana and Guyana, promising enduring collaboration beyond transactional exchange.
CEO’s Vision
Delivering the keynote address, Mrs. Beatrice Jones Mensah-Tayui, Founder and Chief Executive Officer of Cybele Energy, affirmed:
“This agreement represents a significant milestone for Cybele Energy and for African participation in the global upstream sector. We are honoured to partner with the Government of Guyana and look forward to responsibly advancing exploration activities while creating long-term value for all stakeholders.”
She announced that Cybele Energy has paid a signing bonus of $17 million to the Government of Guyana, in full compliance with the country’s revised petroleum framework. She pledged adherence to Guyana’s local content legislation, promising investments in:
- Training and capacity building
- Healthcare initiatives
- Infrastructure development
- Community programs
She also emphasized that the breakthrough is not merely a corporate milestone but a gateway to new opportunities for the Guyanese people. Under the banner of Partnership and Collaboration, she underscored that the agreement is rooted in doing business with local partners, whose knowledge of the terrain and cultural context enriches the venture.
“Work together as partners and collaborate,” she urged, highlighting that the strength of the partnership lies in the complementarity of skills and perspectives. By weaving local expertise into the fabric of the project, Cybele Energy ensures that the development is not just about the company’s success, but about delivering tangible benefits to Guyana’s communities and fostering inclusive growth.
A Brother’s Reflection
Kojo Jones-Mensah, Founder of Empire Domus Group and brother of the CEO, offered a personal reflection:
“As a proud brother of my sister, I had a front-row seat to the journey that has led us here. I have seen the long nights, the strategic patience, the resilience in the face of challenges, and the unwavering belief that Africa must not only participate in global energy conversations but also lead them.”
He emphasized that the leadership behind Cybele Energy reflects a broader vision of energy as a transformative force for economies, opportunities, and international collaboration. He described the partnership as a bridge linking Africa and South America, connecting new energy frontiers.
Conclusion
This agreement is more than a corporate milestone,it is a statement of intent. It demonstrates Africa’s capacity to compete and lead in global energy exploration, while affirming the role of visionary leadership in shaping industries and societies. For Ghana, Guyana, and the wider Commonwealth, the Cybele Energy deal stands as a beacon of what is possible when ambition, resilience, and collaboration converge.
View pictures of the historic agreement below :
watch the full video coverage below :
