GNPC Explorco — Ghana's national exploration company advancing Voltaian Basin drilling and managing stake in Jubilee and TEN oil fields, facing revenue accountability questions.
A high-level delegation from the Ghana National Petroleum Corporation (GNPC) and its upstream operating subsidiary, GNPC Explorco, has paid a condolence visit to the Regent of the Dagbon Kingdom, His Majesty Kampakuya Naa Yakubu Abukari II, at the Gbewaa Palace in Yendi following …
Years of subsurface studies in Ghana’s Voltaian Basin are advancing towards a major milestone, as the Ghana National Petroleum Corporation (GNPC) and GNPC Explorco intensify preparations to drill the TUA-1X exploratory well at Chegu in the Mion District. …
Ghana’s national exploration company, GNPC Explorco, has showcased the investment and exploration potential of the Voltaian Basin as the country seeks to attract fresh investment into its upstream petroleum sector. …
When the Ghana National Petroleum Corporation (GNPC) announced that its subsidiary, Explorco, had become the owner of an additional 7% stake in the Jubilee and TEN oil fields, many Ghanaians wondered how the asset got there. …
It is with profound sorrow and a deep sense of loss that the Management and Staff of GNPC Explorco received the news of the transition of the Overlord of the Dagbon Kingdom, His Royal Majesty Yaa Naa Mahama Abukari II. …
… The report also cited findings in the Public Interest and Accountability Committee’s (PIAC) 2025 Annual Report, which highlighted rising cash-call obligations on the TEN field alongside US$561.65 million in petroleum revenue linked to GNPC subsidiary Explorco that remains unaccou …
President John Dramani Mahama has announced that Explorco, the exploration subsidiary of the Ghana National Petroleum Corporation (GNPC), will begin onshore drilling activities in the Voltaian Basin before the end of 2026 as part of efforts to determine the commercial viability o …
GNPC Explorco and Tamale Technical University (TaTU) have officially institutionalized a strategic partnership aimed at bridging the gap between the upstream petroleum industry and academia. …
A high-level delegation from Explorco, a commercial subsidiary of the Ghana National Petroleum Corporation (GNPC), held strategic engagements with traditional authorities and some stakeholders in Tamale. …
A delegation led by GNPC CEO Kwame Ntow Amoah paid condolences to the Regent of Dagbon following the passing of the Overlord, and reaffirmed commitment to responsible operations. The Regent called for local content creation, employment and skills-development for young people, environmental protection, and community development initiatives.
A delegation led by GNPC CEO Kwame Ntow Amoah paid condolences to the Regent of Dagbon following the passing of the Overlord, and reaffirmed commitment to responsible operations. The Regent called for local content creation, employment and skills-development for young people, environmental protection, and community development initiatives.
The Ghana National Petroleum Corporation and GNPC Explorco are advancing preparations to drill the TUA-1X exploratory well at Chegu in the Mion District, following years of subsurface studies. Physical preparations include construction of a 13.5-kilometre access road and a rig pad to support the drilling operation.
Ghana's national exploration company showcased the Voltaian Basin's investment and exploration potential at AOW:Energy 2026, with its managing director emphasising the basin's geological promise and the importance of technical expertise and strategic partnerships to unlock frontier opportunities.
GNPC Explorco acquired a 7% stake in Ghana's Jubilee and TEN oil fields through Occidental Petroleum's 2019 divestment following its US$55 billion acquisition of Anadarko. A legal disagreement persists over whether revenues from the asset should be paid into the Petroleum Holding Fund.
GNPC Explorco has mourned the passing of Yaa Naa Mahama Abukari II, the 41st Overlord of Dagbon Kingdom and President of the Northern Regional House of Chiefs, whom it describes as a pillar of peace and reconciliation whose leadership since 2019 brought unity and stability to the kingdom.
Ghana's crude oil production has declined for six consecutive years, falling from 71.44 million barrels in 2019 to 37.30 million barrels in 2025, according to an Institute for Energy Security report. The prolonged downturn, driven by ageing oil fields, limited upstream investment, and no new petroleum agreements since 2018, has caused total petroleum receipts to drop 43.27% from US$1.36 billion in 2024 to US$770.27 million in 2025.
President Mahama announced that Explorco will start onshore drilling in the Voltaian Basin before the end of 2026 to assess commercial viability of petroleum reserves in the area. The Sentuo Oil Refinery expansion is expected to increase processing capacity from 40,000 barrels per day to 100,000 barrels per day.
GNPC Explorco and Tamale Technical University have signed a Memorandum of Understanding to establish a framework for technical knowledge transfer, capacity building, and skills development for Ghana's petroleum industry workforce.
The Public Interest and Accountability Committee (PIAC) has escalated its dispute with the Ghana National Petroleum Corporation (GNPC) and its subsidiary Explorco to the Office of the Attorney-General, over Explorco's failure to account for and transfer petroleum revenues amounting to US$561,648,785.37 between 2022 and 2024. The central issue is whether Explorco, as a commercial subsidiary of GNPC, can legally retain petroleum lifting proceeds outside the Petroleum Holding Fund structure or whether all such revenues must accrue to the state under the Petroleum Revenue Management Act.
A delegation from GNPC Explorco held strategic discussions with traditional authorities in Tamale, including the Overlord of Dagbon, to brief them on the Voltaian Basin Project and establish an operational office in the northern sector. The delegation also met with the Lands Commission and Minerals Commission to discuss safety measures and logistics for oil exploration that spans approximately one-third of Ghana's landmass.
Ghana National Petroleum Corporation (GNPC) is set to conduct the first large-scale onshore petroleum exploration in the Voltaian Basin, spanning 100,000+ sq km across 460 communities in 13 districts in Northern and Savannah Regions. GNPC describes the project as Ghana's next major hydrocarbon frontier.