Why Invest In Ghana’s Upstream

Unlocking opportunity in Africa’s
fastest-growing energy market.

Explorco, the exploration and production subsidiary of the Ghana National Petroleum Corporation (GNPC), leads Ghana’s efforts to grow national participation in the upstream sector.

Operating in one of Africa’s most dynamic energy markets, we combine commercial discipline, technical expertise, and a strong commitment to sustainability and ESG performance. Ghana’s political stability, transparent governance, and robust legal framework provide a solid foundation for long-term investment.

With producing fields, appraisal opportunities, and frontier exploration acreage, Explorco is unlocking Ghana’s hydrocarbon potential-creating value for investors, advancing national energy security, and positioning Ghana as a leading destination for responsible oil and gas development in Africa.

Key Reasons to Invest

Stable Market & Governance

Ghana’s democratic stability and transparent petroleum framework create a secure environment for long-term investment.

Rich Hydrocarbon Potential

Proven producing assets such as Jubilee and TEN, located within the Western Basin, anchor Ghana’s upstream industry. Beyond these mature areas, underexplored basins -including the Central, Eastern, and Voltaian - present significant upside potential for future discovery and development.

Strategic Location & Infrastructure

Positioned on the Gulf of Guinea with access to Tema and Takoradi ports, pipelines, and gas facilities that support efficient exports.

Trusted National Partners

Explorco provides credible, government-backed partners with operational expertise and fiscal discipline.

Attractive Investment Climate

Clear fiscal regimes and investment protection measures ensure commercially rewarding opportunities.

Sustainability & ESG Alignment

Operations are guided by ESG principles, with strong commitments to environmental stewardship, community development, and governance excellence

A Closer Look

Ghana’s petroleum sector has delivered consistent growth since 2007. Licensing processes, fiscal regimes, and investor protection laws provide certainty for global partners.

Ghana holds substantial room for growth beyond its established producing fields. Offshore, prospective resources are estimated at over 7 billion barrels (STOIIP), with ongoing appraisal and infill opportunities in basins such as Western, Central and Eastern Basins.

Onshore, the Voltaian Basin stands as Ghana’s most promising frontier. Early seismic and geochemical studies confirm active petroleum systems, marking the basin as a key focus for Explorco’s efforts to unlock new reserves and diversify Ghana’s upstream portfolio.

Ghana’s upstream operations benefit from established offshore and onshore infrastructure that supports efficient production and export. FPSOs, subsea export pipelines, and the Atuabo Gas Processing Plant provide a proven framework for hydrocarbon development. Combined with access to regional power and industrial markets, these facilities reduce development timelines and enhance project economics.

Explorco leverages this integrated infrastructure network to deliver reliable operations and create value across its portfolio.

Explorco holds stakes in both producing and frontier assets. Investors gain a technically credible partner committed to efficiency, innovation, and sustainable growth.

Petroleum Agreements balance investor returns with national benefits. Ghana offers stable fiscal terms and strong local content policies that encourage joint ventures with local suppliers.

Explorco embeds ESG principles in operations - reducing carbon footprints, driving inclusive community projects, and ensuring transparent governance. Investments align with both national development priorities and global sustainability standards.

By the Numbers

km

Licensed Acreage

Producing Offshore Fields (Jubilee & TEN)

Billion

Barrels Estimated Offshore Resources

Million

Barrels Remaining Reserves in Producing Fields

Onshore Blocks in the Voltaian Basin
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Hon. Benjamin Ayiku
Board Member

Hon. Benjamin Narteh Ayiku is a Ghanaian politician and a prominent member of the National Democratic Congress (NDC). He currently serves as the Member of Parliament (MP) for the Ledzokuku Constituency (Teshie) in the Greater Accra Region. In August 2025, he was appointed to the Board of GNPC Explorco. 

Key Strengths

Beyond his constituency, he serves on several influential parliamentary committees, including Security and Intelligence, Economy and Development, and Food, Agriculture and Cocoa Affairs, indicating a well-rounded expertise in national governance.

Ayiku has prioritized local safety through his "Light Up Teshie" efforts, donating and installing over 2,000 streetlights across the constituency to curb nighttime criminal activities. He has also focused on road rehabilitation projects to improve accessibility for residents.

Experience

Hon. Benjamin Narteh Ayiku has a diverse background spanning the corporate sector, entrepreneurship, and public service.

  • He served as a Production Manager at Stanbic Bank Ghana.
  • He is a trained Accountant 
  • He is the Founder and CEO of the Maxxon Filling Station chain of fuel stations.

Current External Roles

Hon. Benjamin Narteh Ayiku holds several key external and governance roles beyond his duties as the Member of Parliament for Ledzokuku: 

  • Board MemberGNPC Explorco
Kwame Ntow Amoah
Board Member

Kwame Ntow Amoah joined GNPC as acting chief executive officer on February 17, 2025. In August 2025, The Energy Minister appointed him as a Board Member of GNPC Explorco.

Key Strengths

Kwame Ntow Amoah has over 33 years of experience in the petroleum industry with a wealth of expertise in leadership, energy economics, public and corporate policy, strategy development, finance raising, and negotiations.

Experience

Throughout his career, Mr. Amoah has held key leadership roles, including Deputy Chief Executive at GNPC and Advisor to the Minister of Energy/Director of Petroleum at the Ministry of Energy. He has also served as Chairman and Member of various national, international, and industry boards and committees. Mr. Amoah has played a pivotal role in international arbitration cases involving Ghana. His contributions include serving as Technical Advisor for Ghana in the Maritime Boundary Case, which the country won on September 23, 2017.

Current External Roles

  • Chairman of the African Petroleum Producers’ Organization (APPO)
  • Board Member, GNPC Foundation
  • Chairman, GNPC-Technip Engineering Services Limited
Samuel O. Arthur
Managing Director

In August 2025, The Energy Minister appointed Samuel Opoku Arthur as a Board Member of GNPC Explorco.

Key Strengths

15+ years in energy sector operations, commercial strategy, and project development, coordinating exploration planning, stakeholder engagement, and execution of large frontier projects.

Experience

A senior energy and commercial executive with 25+ years of experience across oil and gas, power, mining, and industry in Ghana. He served as Director of Petroleum at the Ministry of Energy & Green Transition in 2025 and previously spent over 12 years at the Ghana National Petroleum Corporation in strategic and gas business leadership roles. His earlier career includes commercial and operational positions with INSYSS Ghana Ltd, Lancaster Plant Ltd, Metso Minerals, and ExxonMobil Corporation.

Current External Roles

Serves as the Managing Director for GNPC Explorco.

Dr Aaron Issa Anafure
Chairman

In August 2025, The Energy Minister appointed Dr. Anafure as the Board Chairman of GNPC Explorco.

Key Strengths

Dr Aaron Issah Anafure is an accomplished insurance professional with extensive credentials and achievements.

Experience

Previously, he served as CEO of SIC Life and CDH Life Insurance Company Limited, and was instrumental in founding SIC Life Savings and Loans. Under his leadership, the company won the Chartered Institute of Marketing (CIMG) Life category award five times and was inducted into the CIMG Hall of Fame in 2018.

Current External Roles

CEO - Quality Life Assurance Company (QLAC).

Seth Kwame Boateng
Corporate Affairs

Seth Kwame Boateng is a multi-award-winning Ghanaian journalist and documentary filmmaker who brings over two decades of impact storytelling to corporate communications. His work has shaped national conversations and led to major public-interest reforms through powerful investigative films such as Locked and Forgotten, Left to Rot, and Next to Die.

As Head of Corporate Affairs, Seth leads stakeholder engagement, media relations, and ESG communications—delivering clear, credible messaging that builds trust with communities, regulators, and partners.

He is the recipient of several prestigious honours, including:

  • GJA Journalist of the Year (2015)
  • WAMECA West African Journalist of the Year
  • ICFJ Global Health Reporting Award (2017)
  • WHO Road Safety Reporting Contest winner (2022)
  • George Ayittey Memorial Award for Excellence in Journalism (2023)

Seth holds an MPH in Health Management Planning & Policy from the University of Leeds, an MA in Communication Studies from the University of Ghana, an MA in Conflict, Peace & Security from KAIPTC, and a BA in Economics & Sociology from the University of Cape Coast.

A

Why Invest In Ghana’s Upstream

Unlocking opportunity in Africa’s
fastest-growing energy market.

Explorco, the exploration and production subsidiary of the Ghana National Petroleum Corporation (GNPC), leads Ghana’s efforts to grow national participation in the upstream sector.

Operating in one of Africa’s most dynamic energy markets, we combine commercial discipline, technical expertise, and a strong commitment to sustainability and ESG performance. Ghana’s political stability, transparent governance, and robust legal framework provide a solid foundation for long-term investment.

With producing fields, appraisal opportunities, and frontier exploration acreage, Explorco is unlocking Ghana’s hydrocarbon potential-creating value for investors, advancing national energy security, and positioning Ghana as a leading destination for responsible oil and gas development in Africa.

Key Reasons to Invest

Stable Market & Governance

Ghana’s democratic stability and transparent petroleum framework create a secure environment for long-term investment.

Rich Hydrocarbon Potential

Proven producing assets such as Jubilee and TEN, located within the Western Basin, anchor Ghana’s upstream industry. Beyond these mature areas, underexplored basins -including the Central, Eastern, and Voltaian - present significant upside potential for future discovery and development.

Strategic Location & Infrastructure

Positioned on the Gulf of Guinea with access to Tema and Takoradi ports, pipelines, and gas facilities that support efficient exports.

Trusted National Partners

Explorco provides credible, government-backed partners with operational expertise and fiscal discipline.

Attractive Investment Climate

Clear fiscal regimes and investment protection measures ensure commercially rewarding opportunities.

Sustainability & ESG Alignment

Operations are guided by ESG principles, with strong commitments to environmental stewardship, community development, and governance excellence

A Closer Look

Ghana’s petroleum sector has delivered consistent growth since 2007. Licensing processes, fiscal regimes, and investor protection laws provide certainty for global partners.

Ghana holds substantial room for growth beyond its established producing fields. Offshore, prospective resources are estimated at over 7 billion barrels (STOIIP), with ongoing appraisal and infill opportunities in basins such as Western, Central and Eastern Basins.

Onshore, the Voltaian Basin stands as Ghana’s most promising frontier. Early seismic and geochemical studies confirm active petroleum systems, marking the basin as a key focus for Explorco’s efforts to unlock new reserves and diversify Ghana’s upstream portfolio.

Ghana’s upstream operations benefit from established offshore and onshore infrastructure that supports efficient production and export. FPSOs, subsea export pipelines, and the Atuabo Gas Processing Plant provide a proven framework for hydrocarbon development. Combined with access to regional power and industrial markets, these facilities reduce development timelines and enhance project economics.

Explorco leverages this integrated infrastructure network to deliver reliable operations and create value across its portfolio.

Explorco holds stakes in both producing and frontier assets. Investors gain a technically credible partner committed to efficiency, innovation, and sustainable growth.

Petroleum Agreements balance investor returns with national benefits. Ghana offers stable fiscal terms and strong local content policies that encourage joint ventures with local suppliers.

Explorco embeds ESG principles in operations - reducing carbon footprints, driving inclusive community projects, and ensuring transparent governance. Investments align with both national development priorities and global sustainability standards.

By the Numbers

km

Licensed Acreage

Producing Offshore Fields (Jubilee & TEN)

Billion

Barrels Estimated Offshore Resources

Million

Barrels Remaining Reserves in Producing Fields

Onshore Blocks in the Voltaian Basin