Willieson Shamo, Head, Upstream & Ag. Director of Petroleum at Ministry of Energy spoke at the Oil & Gas Event June 2013

1. MINISTRY OF ENERGY &
PETROLEUM
Investment Opportunities In The
Petroleum Sector

2. INTRODUCTION
• The recent number of discoveries and the
deregulation of the downstream sector opens
avenues for investors in both upstream and
downstream sectors of the Petroleum
Industry.
• The stability of the economy and the presence
of existing markets further compliment
investment climate that exists in the country
• This presentation gives a brief outline of
possible investment opportunities in the
Petroleum Sector of Ghana

3. OUTLINE OF POSSIBLE INVESTMENT
PROJECTS
• Gas commercialization projects
• Hydrocarbon exploration and development
• Crude oil refining
• Export-oriented refinery project
• Bulk petroleum products pipelines and storage
• Infrastructure development and service provision
in the petroleum downstream sector
• LNG Deployment
• Investment in the service industry

4. Gas Commercialization Projects
• The Gas infrastructural and utilisation project is
aimed at harnessing the gas potentials in the
country
• The Project is expected to create a regional hub
for the development of petrochemical industries
Areas of Possible Investment
•Power plants
•Fertilizer projects
•Other secondary use of the processed gas and
products

5. Hydrocarbon Exploration and
Development
• Ghana has four distinct basins – 3 offshore and
1 inland for exploitation
• Government’s objective is to effectively exploit
Ghana's untapped hydrocarbon resources
Possible Investment Areas
•Acquisition of exploration blocks
•Exploring, discovering and producing
hydrocarbon

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APAM
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ANLOGA
ELMINA
ESIAMA
ATUABO
WINNEBA
DIXCOVE
BONYERE
SALTPOND
TAKORADI
CAPE COAST
HALF ASSINI
PRINCE'S TOWN
J-06
J-05J-01
J-17J-07J-04
TP-1
ST-8
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GC-8
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WT-2X
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EBONY
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CTP-1
WAWA-1
TEAK-1
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GH5-B1
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CUDA-1
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SANKOFA
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WCTP-3X
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TEMA -1
DZITA-1
NUNYA-1X
SAPELE-1
DAHOMA-1
ENYEN-2A
UC 19-1A
TANO 1-1
SHAM 9-1
S.DIX-1X
NECTP-1X
GH 19-2A DOLPH-1X
DIX 4-2X
ATIAVI-1
ANLOGA-1
SIGN 13-1
SEVILLE-1
SEAG 10-3
SEAG 10-1
AXIM 4-3X
ANKOBRA-1
PARADISE-1
KOMENDA-2X
CHAOS 13-2
AMOCO 16-1
TAKORADI 6-1
TAKORADI 11-1
HICKORY NORTH-1
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GHANA OFFSHORE ACTIVITY MAP
VANCOHESS
ENI
KOSMOS
TULLOW
ORANTO
TAP
ENI
GHANA
TANO BASIN/WESTERN BASIN
SALTPOND BASIN/CENTRAL BASIN
ACCRA KETA BASIN/EASTERN BASIN
CAPE THREE POINTS
LUKOIL

7. Crude Oil refining
• Ghana has one oil refinery (Tema Oil Refinery)
• The government aims at revamping the refinery
to a world class refinery
•The government seeks to expand the Refinery’s
Crude Distillation Unit, Catalytic Reformer,
Residue Fluid Catalytic Reformer Unit and Light
Crude Oil Hydro-treating Unit, and to build a
stand alone bitumen plant
Possible Investment Areas
•Partnership in rehabilitation and expansion of
Tema Oil Refinery
•Partnership in refining crude and marketing
petroleum products to already existing markets

8. Export-oriented Refinery Project
The government seeks private investors to build
and own export-oriented refineries in the country.
Areas of investment include:
•Build and operate export-oriented refineries (at
least 200,000 BPSD capacity)
•Build the refinery in free-zone enclaves in the
country
Investors Commitment
•Sole project financing
•Ensure at most 70% of refined products exported
and the rest for the local market

9. BULK PETROLEUM PRODUCTS PIPELINES AND
STORAGE
• Government aims at ensuring availability of
petroleum products for its ever increasing local
consumption.
• This has resulted in an increasing pressure on the
few existing transportation and storage facilities
• Government seeks investors to build storage
facilities and transportation infrastructure
Possible Investment Areas
•Construction of storage tanks for petroleum
products
•Transportation infrastructure such as barges and
railway lines
•Pipelines expansion projects

10. INFRASTRUCTURE DEVELOPMENT AND SERVICE
PROVISION IN THE PETROLEUM DOWNSTREAM
SECTOR
• The deregulation of the downstream sector has
opened avenues for investors to fully own and
operate services in the downstream sector
Possible Investment Areas
• Provision of infrastructure and other services in the
downstream sector
•Development of LPG plant
•Provide services for distribution, trading and retailing
of petroleum products

11. LNG DEPLOYMENT
Government vision is to:
• Boost industrialisation and develop an energy economy
• Increase its power export to neighbourhood countries
• Meet the increasing demands for power, thus thermal
power plants and other power generating alternatives
needed to meet demand
Investors are needed in the provision of LNG as a
feedstock for thermal plants
Possible Investment Areas
•Development of LNG Infrastructure development such as;
LNG receiver terminal, storage and transmission facilities,
and marketing of LNG to power plants as feedstock

12. INVESTMENT IN THE SERVICE
INDUSTRY
Other ancillary business opportunities available for
investors include:
•Shore base facilities with mini harbour and warehouses
•Onshore support and logistic services
•Offshore accommodation for oil service & supply chain
services
•Helicopter and fixed wing aircrafts
•Supply boats, anchor handling boats and driving vessels
•Real estate and telecommunications, banking, insurance
and weather forecasting
•Upgrading of Tema Dry Dock

13. INVESTMENT PROPOSALS
• The government welcomes any investment
proposals from the investment community.
• Information and guidance could be obtained
from the Ministry
• The doors of the Ministry are opened to any
competent investors interested in pursuing
any of these investment opportunities
• Government looks forward to working with
capable and willing investors

14. THANKS FOR YOUR ATTENTION