According to citinewsroom.com, the Minister for Energy, Matthew Opoku Prempeh, made this known through a memorandum he submitted to parliament for consideration and approval. The report added that the GNPC, through its GNPC Explorco, is able to participate in the sector’s upstream petroleum. Details of the memoranda said that the company seeks approval to purchase a 70% stake in the South Deep Water Tano (SDWT) operated by AGM Petroleum Ghana Limited. Also, the company seeks to purchase a 37% stake in the Deep Water Tano/Cape Three Points (DWT/CTP) operated by Aker Energy Ghana Limited, allowing it to form a joint operating company with the two entities. In the meantime, Cabinet has already granted approval for this deal to go through.

Source: GhanaWeb August 03, 2021 19:07 UTC