KEY POINTS
- Eni and Vitol signed MoUs with Ghana for two offshore oil blocks.
- GH WB 3 and GH WB 8 cover about 2,100 square kilometres in the Tano Basin.
- The agreements pave the way for final Petroleum Agreements and further exploration.
Eni Ghana and Vitol Upstream Tano Limited have moved closer to securing final petroleum agreements for two offshore blocks in Ghana’s Tano Basin after signing Memoranda of Understanding with the government.
The agreements cover offshore blocks GH WB 3 and GH WB 8 and are expected to pave the way for the companies to conclude Petroleum Agreements for the concessions.
Ghana’s Minister for Energy and Green Transition, John Jinapor, signed the MoUs on behalf of the government at a ceremony in Accra on Thursday, September 10, 2026. Executives of the Ghana National Petroleum Corporation (GNPC) were also present at the signing.
The development marks another step in Ghana’s efforts to attract investment and expand exploration and production activities in its upstream petroleum industry.
Blocks cover 2,100 square kilometres
The two offshore concessions cover about 2,100 square kilometres in the Tano Basin, with water depths ranging from approximately 750 metres to 2,800 metres.
Eni said the blocks offer opportunities that fit its near-field and Infrastructure-Led Exploration strategy. The approach focuses on using existing oil and gas infrastructure and proximity to producing fields to explore and develop nearby prospective resources.
The strategy could allow any commercially viable discoveries in the blocks to benefit from infrastructure already established in Ghana’s offshore petroleum industry, potentially reducing development costs and shortening the time required to bring new resources into production.
The latest agreements build on a Memorandum of Intent signed by the parties last year and further reinforce Eni’s long-term interest in Ghana’s upstream oil and gas sector.
Eni said it remains committed to responsible investment and exploration while supporting the effective management and development of Ghana’s petroleum resources in accordance with the country’s laws and regulatory requirements.
The company has operated in Ghana since 2009 and has been involved in offshore exploration and hydrocarbon production activities for more than a decade.
Eni operates the Offshore Cape Three Points project, where it holds a 44.4 per cent interest. Vitol owns a 35.6 per cent stake, while GNPC holds the remaining 20 per cent.
The partnership gives the companies an established presence in Ghana’s offshore petroleum sector and access to infrastructure and operational experience that could support activities on the newly covered blocks.
The move also comes as Ghana seeks to sustain investment in its oil and gas industry, increase production and develop new reserves to support government revenue, energy security and broader economic growth.
