Minister for Energy and Green Transition, John Abdulai Jinapor, met with partners of the East Cape Three Point Block on the sidelines of the International Energy Week in the UK. The meeting, held on Wednesday, February 26, 2025, brought together Medea Development Ltd, Cola Natural Resources, and partners Strategic Fuel Fund, Safri West Energies, and Jade Energy.
The partners told the Minister of their plans to explore the block, located in the Offshore Tano Basin. They plan to commence the first exploration well drilling later this year or next year.
Minister Jinapor said the government is committed to pursuing policies that protect Ghana’s interests. He said Ghana’s upstream sector is open to business.
This development is expected to have an impact on Ghana’s economy, particularly in the energy sector. With the East Cape Three Point Block holding potential for oil and gas production, the government’s efforts to attract investment and promote exploration activities are likely to yield results.
Ruth Abla ADJORLOLO
