AGM Petroleum, an oil and gas exploration company, has discovered oil at Ghana’s South Deepwater Tano (SDWT) prospect. The discovery was made known by the President and CEO of AGM’s related company Aker ASA, Øyvind Eriksen in a letter to shareholders published in its second-quarter and half-year results for 2019. According to Mr Eriksen, “the […]
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, […]
Parliament has approved the amended deal with AGM Petroleum for oil exploration in the Deep South West Tano oil block. The critical decision to accept the recommendations of Parliament’s Mines and Energy Committee was made through voice vote supervised by the Speaker, Prof Aaron Mike Oquaye, amidst opposition from the National Democratic Congress (NDC) minority. […]
An indigenous Ghanaian company incorporated in April 2019, Quad Energy will lead a consortium partnering AGM as local partner in its oil and gas exploration and production activities offshore Ghana. The consortium owns five per cent in the deal. Mr David Adomakoh, a 100% shareholder of Quad Energy, announced this in a statement issued yesterday. […]
