AGM set to begin oil exploration in Ghana following ratification of SDWT agreement

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AGM Petroleum Ghana Limited is set to begin the exploration of oil in Ghana following the ratification by Parliament of the South Deepwater Tano (SDWT) agreement.

A statement issued by the company a while ago read in part that ‘’The Petroleum Agreement ratified by Parliament on 3 May 2019, gives a fiscal take to Ghana, which is substantially above the international deepwater average of approximately 55%’’.

‘’AGM has committed to a significantly larger work programme – drilling 4 wells and a sizeable seismic activity. AGM is looking forward to working with its partners, suppliers and, not least, the Ghana National Petroleum Corporation (GNPC), the Petroleum Commission, the Ministry of Energy and other important stakeholders to conduct operations in a safe and transparent manner’’ the statement added.

Read the full statement below:

AGM Press release_6 May 2019_FINAL



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Kennedy Mornah is an Award Winning Ghanaian Journalist with over two decades of experience in the Ghanaian Media landscape spanning the electronic, print and digital media. He is a Media Consultant, a Corporate MC, Radio and TV Host, Founder and Publisher of the Maritime and Transport Digest Newspaper, Businessman, a Go getter and an optimist. He has worked for renowned media organizations including Diamond Fm in Tamale, Luv Fm in Kumasi, Oman Fm in Accra and Starr Fm in Accra In 2017 he received the Reporter of the Year Award at the Ghana Shippers Awards in Accra, Ghana.

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