Search and Filter Through Our Comprehensive Database of Upstream (Offshore) Projects and Tenders in Ghana
Identify and track latest Upstream (Offshore) projects (upcoming, ongoing/under-construction, completed), tenders, and contract awards. Our extensive database and user-friendly interface make it easy for you to find the right business opportunity in Ghana.
Ghana Upstream (Offshore) Industry Analysis
As Ghana basks in its newfound position as a rising star in Africa's economic landscape, the offshore industry has emerged as a beacon of hope, attracting global attention and investment. This in-depth analysis aims to shed light on the current scenario, construction of new projects, major drivers, and the industry outlook in Ghana's booming upstream (offshore) sector. So, hop on board as we embark on an engaging voyage that explores the vast potential of this industry.Current Scenario:Ghana's offshore industry is experiencing remarkable growth, primarily driven by the discovery of substantial hydrocarbon reserves in the country's territorial waters. The Tweneboa, Enyenra, Ntomme (TEN) fields and the Jubilee oil field have positioned Ghana as one of Africa's leading oil producers. Boasting a rich abundance of resources, these fields have attracted several international oil companies (IOCs) to set sail for Ghana's promising waters.Construction of New Projects:To harness the potential of its offshore industry, Ghana has set sail on an ambitious journey to construct new projects. In collaboration with IOCs, the government has undertaken the development of refineries, gas processing plants, and storage infrastructure. Notably, the construction of a Floating Production Storage and Offloading (FPSO) vessel named ENI's John Agyekum Kufuor, christened after the beloved Ghanaian President, will strengthen Ghana's ability to produce and store oil efficiently.Major Drivers:Several key drivers contribute to the flourishing offshore industry in Ghana, propelling it towards sustainable growth.1. Government Support: Recognizing the strategic importance of the offshore industry, the Ghanaian government has established favorable policies and initiatives. This includes the creation of the Petroleum Commission to regulate activities and the introduction of fiscal incentives to attract foreign direct investment.2. Local Content Development: Ghana is committed to boosting local participation and development in the offshore sector. Implementing policies that require IOCs to engage local businesses and suppliers has not only empowered local communities but also fueled entrepreneurial spirit, laying the foundation for sustained growth.3. Strategic Partnerships: Collaborations with global industry leaders, such as Total, ENI, and Tullow Oil, have secured valuable technical expertise, financial backing, and advanced technologies. These partnerships have enabled the transfer of knowledge, promoted innovation, and accelerated industry development.Industry Outlook:The future of Ghana's offshore industry is undeniably bright. The rapid pace of exploration and discovery of new offshore reserves offers immense potential for sustained growth. The country's proximity to major markets, such as Europe and the Americas, presents a unique advantage in terms of exporting hydrocarbons. Furthermore, embarkation on greenfield projects, like the proposed Pecan field development, holds promise for additional investment and economic prosperity.Conclusion:As we navigate the offshore industry's current scenario, construction of new projects, major drivers, and industry outlook in Ghana, it becomes evident that the nation's maritime opportunities have set sail towards an exciting horizon. Ghana's abundant hydrocarbon reserves, coupled with government support, local content development, and strategic partnerships, position it as a formidable player in the global upstream sector. With a seemingly endless ocean of possibilities, Ghana's offshore industry continues to chart its own course, contributing to the nation's economic growth and solidifying its place on the world stage.
Looking for a List of Upstream (Offshore) Projects in Ghana?
Are you searching for Upstream (Offshore) projects and tenders in Ghana?
We have compiled the most comprehensive and up-to-date database of global projects and tenders to quickly find opportunities needing your services.
Blackridge Research's Global Project and Tender database is a valuable resource for EPC companies, general contractors, subcontractors, manufacturers, suppliers, operation & maintenance (O&M) companies, investors, consulting companies, and law firms looking for new business opportunities.
Our database includes all the essential project details, contact information of project owners and stakeholders, making it easy for you to establish your connection and grow your business.
Free! No Strings Attached :) 
