CVX · News · 20260903N

Ghana Exploration Partnership

CHEVRON CORP · 2026-09-03 · Importance 31 · Surprise 42

Chevron and Shell signed a non-binding preliminary agreement with Ghana covering production rights in the South Deepwater Tano Cape Three Points oil and gas block. The agreement provides Chevron with a potential entry or expansion opportunity in Ghana’s deepwater upstream portfolio. Ghana is reviewing its petroleum-sector legal and fiscal framework to attract investment and reverse declining output. Proposed reforms include reducing Ghana National Petroleum Corporation’s initial upstream interest and simplifying the tax regime.

Key facts

• Chevron and Shell have signed a non-binding preliminary agreement with Ghana for production rights in the South Deepwater Tano Cape Three Points oil and gas block. source