A Review of the Nigerian Energy Industry

Shell moves to join Ghana oil fray

21 September 2011, Sweetcrude, Accra- Shell is exploring opportunities to participate in Ghana’s nascent oil sector and has approached the country’s oil industry officials to express its interest in carrying out exploration off the Ghanaian coast.

Ghana’s offshore play is attracting increasing interest from international oil players after the inaugural Jubilee field, operated by UK independent Tullow Oil, came on stream late last year and energy experts believe more oil remains undiscovered off the coast.

“We have a growing appetite for Ghana and we are seeking the opportunity to participate in the country’s upstream activities,” Mike Muller, the global head of Shell trading, told Reuters on the sidelines of an Africa energy conference.

“We are working to acquire a licence for exploration…we hope we get the opportunity,” he said, adding that Shell had been in touch with state oil company, Ghana National Petroleum Corporation.

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