WE EXPLORE FOR OIL IN ULTRA DEEP WATERS OFFSHORE GHANA
AGM Petroleum Ghana Limited ("AGM") is a Ghanaian petroleum company, holding the operatorship for the largest contract area in Ghana, the South Deep Water Tano contract area. AGM is a council member of the Ghana Upstream Petroleum Chamber. Feel free to send us an e-mail.
The South Deep Water Tano contract area
The South Deep Water Tano contract area is approximately 3.500 sq.km. and is in the exploration stage. Two ultra deep water wells having been drilled to date, including the significant Nyankom discovery. The contract area is the largest in Ghana and is the furthest away from shore. Prospects in the license area are found in both the Cenomanian, Turonian and Albian play. AGM holds an 80% interest and operatorship, while the Ghana National Petroleum Company (GNPC) holds a 15% interest and the indigenous Ghanaian company Quad Energy holds the remaining 5% interest.
Our Petroleum Agreement
The SDWT Petroleum Agreement ("PA") was signed in 2013 among AGM, Government of Ghana and GNPC. It was amended in 2019 based on negotiations between the said parties, and the amendments were ratified in May 2019 and December 2019. Due to extensions caused by ITLOS and COVID-19, the PA remains in the Initial Exploration Period (IEP) and all commitments in this period have been fulfilled. The consolidated PA, inclusive of the amendments can be downloaded by clicking on the picture above.
Our committment to Ghana
AGM is a proud sponsor of the Operation Hernia initiative, an independent not-for-profit charitable organisation that provides professional and educational opportunities to surgeons and surgical trainees in the repair of long-standing groin hernias at rural hospitals in Ghana. Operation Hernia enables many Ghanaians to undergo important hernia surgery which would otherwise not be available to them. For more information about Operation Hernia, click here.