The comes on the back of American firm, ExxonMobil, announcing its exit from Ghana in May this year over concerns of risk nature and subsequently relinquishing 100 percent of its oil exploration rights. But Chief Operations Officer of the state-owned oil marketing firm, Alex Adzew, maintains his outfit is committed to the development and exploration of the deep-water Cape Three Point project despite ExxonMobil’s exit. He also assured that the exit of ExxonMobil will not impact furture investments. GOIL was selected as the local partner for the American exploration firm with a 5 percent interest following a rigorous vetting process to conduct work on the deep-water Cape Three Points project. The Deepwater Cape Three Points block, is located 57 miles (92 kilometres) off the coast of Ghana.

Source: GhanaWeb June 26, 2021 13:18 UTC