The Ghana National Petroleum Corporation (GNPC) and the Petroleum Commission (PC) have entered into a Promotion, Marketing and Revenue Sharing Agreement to advance exploration in the Voltaian Basin. The deal was formalised at GNPC’s Training Centre on Mankata Avenue in Accra.
The agreement provides a framework for the joint promotion and marketing of 2D seismic and geochemical data collected by GNPC under its Reconnaissance License for the Voltaian Basin Project. It also sets out modalities for revenue sharing from future data licensing activities.
According to both institutions, the agreement represents a major step toward accelerating upstream investment in Ghana’s onshore petroleum sector. It also underscores their commitment to creating value and ensuring equitable benefit sharing from the nation’s data resources.
Acting Chief Executive Officer of GNPC, Kwame Ntow Amoah, who signed on behalf of the corporation, said the partnership will help maximise the value of Ghana’s petroleum data assets. He stressed that transparency and collaboration between the national oil company and the regulator remain central to this effort.
Mr. Amoah described the Voltaian Basin project as a potential lifeline for Ghana’s energy future. He called on stakeholders to remain committed, adapt when necessary, and unlock the full value that the project can bring, noting that with the right investments, the country could replicate offshore successes onshore.
Chief Executive Officer of the Petroleum Commission, Emeafa Hardcastle, signed on behalf of her institution. She welcomed the agreement as both timely and forward-looking, saying it demonstrates the shared vision of GNPC and PC in advancing Ghana’s upstream agenda.
Mrs. Hardcastle emphasised that the collaboration would allow both institutions to strategise more effectively and ensure seamless progress for the petroleum industry.
The Voltaian Basin, which remains largely untapped, is considered one of Ghana’s most promising onshore sedimentary basins. Industry experts believe unlocking its potential could significantly expand the country’s petroleum resource base.
With this agreement, GNPC and the Petroleum Commission are expected to drive renewed interest from investors, particularly in onshore exploration, and create avenues for sustainable development.
The partnership marks a decisive move in Ghana’s bid to diversify its petroleum operations and secure long-term energy benefits for the nation.