The Ministry of Energy has announced to the general public that, the President of the Republic, His Excellency, Nana Addo Dankwa Akufo-Addo will on Monday October 15, 2018, launch the maiden GHANA OIL AND GAS LICENSING ROUND (GOGLR) at the Kempinski Hotel Gold Coast City in Accra.

The purpose of the licensing round is to enable the government of Ghana to transparently invite, negotiate and enter into petroleum agreements with competent and capable companies, who will explore for, develop and produce petroleum in an efficient, safe, cost effective, sustainable and mutually beneficial manner.

A statement issued by the Ministry of Energy and copied to Newsghana.com.gh, explained that the process will be conducted in accordance with the provisions of the Petroleum (Exploration and Production) Act 2016, Act 919, the ancillary Petroleum (Exploration and Production) General Regulations 2018, LI 2359 and all other applicable laws in Ghana as well as the policy objective of the licensing round.

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