AGR, Minexco move into Ghana’s South Deepwater Tano


Issue 261 - 04 Sep 2013 | 2 minute read
Ghana’s cabinet has approved a deal between Ghana National Petroleum Corporation (GNPC) and AGM Petroleum Ghana to explore the South Deepwater Tano Block. AGM Ghana is a subsidiary of AGM Gibraltar, owned by Norway’s AGR Energy (49.5%), Minexco (48%) and local player MED Songhai Developers (2.5%). GNPC will jointly operate the block through its new upstream subsidiary, GNPC Exploration and Production Company Limited, with a 79% stake. AGM Gibraltar will hold a 21% interest through its local subsidiary AGM Ghana, although the agreement is still subject to parliamentary ratification.

Tagged with:

Pin Resources

Pin Ghana

Want to read more?

Medium article

£9

(Access to one African Energy article)

Subscribe to African Energy

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map

Register