GNPC in talks with Shell over East Keta basin

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Of late, however, a delay in constructing a pipeline to bring gas onshore from the Jubilee field has held production back.

Mould said GNPC had plans to increase its stake in the Tweneboa-Enyenra-Ntomme (TEN) fields, which lie about 20 km (12 miles) west of the Jubilee field following a decision by Tullow Oil to sell part of its almost 50 percent stake.

“GNPC had already informed Tullow that they were interested in the farm-down, so if Tullow gets a partner GNPC will like to be within that group of the farm-down,” he said. The corporation currently holds a stake of around 15 percent, officials said.

He added that Tullow had put on hold for several months plans to find a partner.

Credit: Reuters