GNPC’s move to acquire a stake in AGM block may be wise – IES fellow - News Summed Up

GNPC’s move to acquire a stake in AGM block may be wise – IES fellow


Despite calls by some Civil Society Organisations questioning GNPC's motive for the sale, the IES fellow indicates that a careful examination of the AGM Block shows that GNPC’s decision to include the oil block as part of its acquisition may be a wise one. In a write-up sighted by GhanaWeb, Emmanuel Kpogo explained, “to start with, the AGM block is by far the biggest in Ghana at 3,500 square kilometers (sq.km) in size. “It is a known fact that AGM has already drilled two wells in the block. The Nyankom discovery was hugely successful. The Nyankom greater area according to records, may have additional prospects (fields) between 400 – 650 million barrels of oil.


Source: GhanaWeb August 18, 2021 16:07 UTC



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