GNPC CEO committed to increasing oil and gas reserves
Chief Executive Officer of the Ghana National Petroleum Corporation (GNPC) Opoku-Ahweneeh Danquah says he is committed to building and sustaining a robust state petroleum entity.
The CEO said he would therefore not be swayed by the few dissenting elements within the company.
Responding to recent allegations against him, he said he is not distracted by the actions of a few sour elements opposing constructive change.
Rather, he said he was focused on increasing Ghana’s oil and gas reserves to ensure that higher revenues are generated for the state.
The GNPC Board and staff in a recent statement said they were fully behind the CEO and his vision for the national oil company.
They noted that since his assumption to office in April 2022, Mr Danquah had been a team player and operated within the laws and corporate governance rules of the national oil company.
The Board pointed out that he had assembled the brightest and best engineering minds who currently spend day and night strategizing on how to ensure that production was optimized and increased from the three major existing producing fields – Jubilee, TEN and Sankofa Gye Nyame; and also ensuring other developing fields get to first oil.
The CEO’s flagship project which he has touted as “for Ghanaians and by Ghanaians” is the Voltaian Basin Project, an onshore prospect.
GNPC plans to spud it’s first oil and gas well in the basin next year, to ensure that the country’s reserves are not stranded in an era of the energy transition to renewables.
Mr Danquah also continues to strike strategic alliances with other national oil companies such as the national oil companies of Algeria and Nigeria to improve on building Ghana’s technical capabilities.
Recently, the Senior Staff Union of the GNPC in a statement said Mr Danquah since assuming office has made cross-functional movements consistent with industry practice, as well as, GNPC’s Corporate Plan in compliance with the conditions of service after obtaining board approval.
They claim that these visionary changes were much needed in the corporation and have boosted productivity.
They added that Mr Danquah had also instituted cost-saving measures and improved capacity building for staff in key areas to upgrade their knowledge and competencies to help GNPC seamlessly execute its mandate as the national oil company of Ghana