By Sopuruchi Onwuka
After a futile run with international independent explorers, the government of Ghana has finally invited offshore champion, ExxonMobil, to deep dive into its offshore exploration terrains.
The country’s deputy oil minister, Mohamed Amin Adam, told secondary sources that the government chose direct negotiation with the US firm over a competitive tendering process due to the peculiar nature of the oilfield.
The block was relinquished twice by Vanco Energy and Lukoil and that has since increased its risk profile, according to the Ministry.
A release from the Ministry described the block as “one of the ultra-deep water blocks, which severely tests the limits of modern technology and would take research and development to optionally develop and exploit any discovered resources.”
The Oracle Today reports that ExxonMobil which operates exclusively offshore in Nigeria holds global reputation and status for taking petroleum industry’s biggest challenges while remaining compliant to host country policies.
The company is the second biggest producer in Nigeria with comparably few offshore assets. It operates two deepwater fields in the country including Usan and Erha.
According to reports monitored in Lagos by The Oracle, Ghanaian government and ExxonMobil are currently in talks to launch an exploration program off the West African country’s coast.
In 2015 ExxonMobil and Ghana signed a MoU to assess its Deepwater Cape Three Point region, where the water depths range up to 13,000 ft.