The Ghana National Petroleum Corporation (GNPC) is the state agency responsible for the exploration, licensing, and distribution of petroleum-related activities in Ghana.
The corporation has amongst it functions to promote petroleum exploration activities, to appraise existing petroleum discoveries, to ensure that Ghana benefit the most from the development of the country's petroleum resources.
The company was founded in 1983 and is based in Tema, Ghana.
The discovery of significant oil and gas accumulations in 2007 and the commencement of production of the Jubilee field in November 2010 were the most significant events in Ghana's O&G;sector in the last 2000s.
With Jubilee, the floodgates appear to have opened to further investments/exploration activities.
Seismic Data coverage has increased: 2D seismic data totalled about 70,000 line kilometres in 2011, while 3D seismic coverage is over 24,000 sq. km.
Over 160 wells have so far been drilled in Ghana's sedimentary basins.