Ghanaian authorities are finalizing the process for the termination of agreements of four (4) non performing contractors; Swiss African Oil Company Limited (SWAOCO),2 UB Resources, Brittania U, and Sahara Energy Fields Ghana Limited.
Brittannia U and Sahara Energy Fields are companies founded by Nigerian owners.
The Government already revoked the licence granted to Erin Energy (also founded by Nigerians) to operate the Expanded Shallow Water Tano (ESWT) Block for both inactivity and lack of payment of rent.
Two other Nigerian owned independents with E&P assets in Ghana are Amni Petroleum and First E&P. Amni proposes to drill a well in Central Tano Block, which it operates, in 2022. First E&P, meanwhile, a beneficiary of Ghana’s 2018 Bid Round, is a relatively new entrant into the country.