Ghana is pushing to take full control of a massive offshore oil asset estimated to hold about 1.5 billion barrels, a move officials say is crucial for the country’s long-term energy security and economic growth. The field, considered one of the most strategic undeveloped assets in the region, could reshape Ghana’s revenue outlook if fully integrated into national planning.
The current standoff revolves around ownership and operational rights. Authorities argue that securing the field under Ghanaian control will ensure that its value flows directly into the economy rather than being diluted through complex partnership structures. Sources close to the process say government negotiators are seeking a deal that prioritizes national interest while satisfying existing stakeholders.
Energy analysts believe the asset could become a cornerstone of Ghana’s oil sector, significantly expanding output capacity and stabilising future fiscal projections. With global competition for capital intensifying, officials see this as a rare opportunity to strengthen the sector and signal policy certainty to investors.
If negotiations conclude successfully, the project is expected to draw fresh foreign investment, create jobs across the supply chain, and stimulate growth in supporting industries such as services, logistics and local manufacturing. Many within the sector hope the government’s strategy will secure full control and position the field as a long-term driver of national development.
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