Ghana signs MoUs with Eni and Vitol for two Tano Basin offshore blocks

On 10 September 2026 Ghana signed Memoranda of Understanding with Eni Ghana and Vitol Upstream Tano Ltd covering offshore blocks GH WB 3 and GH WB 8 (about 2,100 sq km, water depths 750–2,800m), a step intended to pave the way for final Petroleum Agreements and further exploration activity in the Tano Basin.

The MoUs increase exploration optionality that could, if commercial discoveries occur and licences/petroleum agreements are finalised, raise expected future petroleum revenues and improve long-dated Ghana sovereign debt fundamentals. This transmission is conditional: signatures alone do not guarantee discoveries, production, or near-term fiscal effects, and market pricing would depend on technical results and contract terms.

Finalisation and signing of the Petroleum Agreements/licences for GH WB 3 and GH WB 8 (next procedural step).