Ghana will revise its licensing framework to boost oil production
Ghana will amend its licensing framework in a bid to expand production, announced the Deputy Minister for Petroleum during a conference in Cape Town (South Africa). The suggested modifications would authorize enterprises already operating a block to explore in the same area without applying for a new permit. Ghana would also enable companies to explore marginal fields after the expiration of their license. In addition, the government plan to cancel permits granted between 2011 and 2016 to four companies that have not developed their blocks.
The Parliament of Ghana will assess the modifications within 21 days.
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