The Petroleum Commission has engaged Enterprise Singapore, the government agency responsible for driving Singapore’s external economy, to explore new investment opportunities in Ghana’s upstream petroleum sector. The meeting chaired by the Acting Deputy Chief Executive Officer of the Commission, Mr. Nasir Alfa Mohammed, brought together senior officials from both organisations.
Enterprise Singapore, which has operated in Ghana since 2013, has been instrumental in linking Singaporean and Ghanaian businesses. Its Executive Director for Global Markets (South Asia, Middle East & Africa), Mr. HO Chee Hin, who is visiting Ghana and Africa for the first time, explained that the agency sought to understand developments in Ghana’s upstream petroleum industry, as well as the challenges and opportunities for Singaporean companies.
He noted that Singaporean firms are already active in the manufacturing of Floating Production Storage and Offloading (FPSO) units, petrochemical refineries, and related industries, which collectively account for about 40 percent of Singapore’s sectoral activities.
In presentations to the delegation, the Petroleum Commission highlighted ongoing projects that offer significant potential for collaboration. These include GNPC’s planned drilling campaign in the Voltaian Basin, exploratory activities in the Eastern Basin, the development of the Western Enclave as part of Ghana’s Petroleum Hub agenda, a gas regasification project, and the establishment of a second reprocessing plant by Ghana Gas.
Officials emphasised that these initiatives create opportunities for investment in areas such as FPSO assembly, subsea installations, tie-back facilities, fiscal metering systems, and petrochemical industries.
The Ag. Deputy CEO Mr. Mohammed assured the delegation of Ghana’s commitment to creating a favourable environment for investors.
“Government is implementing wide-ranging reforms, including a review of legislation and Ghana’s fiscal regime, to revitalise activities and drive greater investment in the upstream petroleum sector. We encourage Enterprise Singapore and its partners to take advantage of these opportunities,” he said.
He further invited Enterprise Singapore to participate in the upcoming 2025 Local Content Conference and Exhibition, scheduled for 4th to 6th November at the Palms by Eagles Conference Centre in Takoradi, under the theme “Revitalising Ghana’s Petroleum Exploration and Production Sector: Driving Innovation and Redefining Local Content for a Competitive Energy Economy.”
Petroleum Commission Engages Enterprise Singapore on Investment Opportunities in Ghana’s Upstream Petroleum Sector
