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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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