Ghana to License The Tano Basin

Ghana to License The Tano Basin

Clontarf Energy and Petrel Resources have announced that a proposed work program on the Tano acreage, offshore Ghana has been submitted to the Ghanaian authorities in Accra. The new work program will form part of the ongoing negotiations regarding the terms of acquiring an exploration license for the Tano Basin acreage, Your Oil and Gas News reported.

Presently, there are no guarantees that the ongoing talks will produce a successful outcome for the companies. However, ongoing discussions are expected to yield further information about the license, such as specific geological information regarding the new acreage coordinates which are also subjected to final agreement as well as the subsequent exploration plans, according to Oil Voice.

This comes as Ghana’s Minister of Petroleum, Emmanuel Armah-Kofi Buah, had announced that the state-owned Bulk Oil Storage and Transportation Company (BOST) had started exporting fuel and gas oil to Nigeria, Benin Republic, Burkina Faso, Niger and Mali from the Bolgatanga Petroleum Depot, with exports to Liberia to commence in November.


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