- Explorco Outlines Operatorship Milestones and Strategic Vision at Inaugural Annual General Meeting
GNPC Exploration and Production Limited Company (Explorco) successfully held its 1st Annual General Meeting (AGM) on Tuesday at the Accra Marriott Hotel. The milestone event brought together board members, leadership from parent entity Ghana National Petroleum Corporation (GNPC), government officials, and key industry stakeholders to reflect on the company’s journey and outline its strategic future.
In attendance were distinguished guests including Hon. Richard Gyan-Mensah (MP), Deputy Minister for Energy and Green Transition, Dr. Aaron Issa Anafure, Chairman of the Board; Mr. Samuel Opoku Arthur, Managing Director; and Mr. Kwame Ntow Amoah, Chief Executive Officer of GNPC. Representatives from the Ministry, GNPC group subsidiaries including Ghana National Gas Company Limited, Prestea Sankofa Gold Limited, the Mole Motel Company Limited, and external auditors, Deloitte Ghana, were also present.
Board Chairman Dr. Aaron Issa Anafure highlighted the strategic importance of the company’s transition to direct operatorship. “The journey to becoming a credible Ghanaian operator is deliberate and demanding. Operatorship requires more than aspiration; it requires technical competence, project discipline, procurement integrity, risk management, stakeholder trust, and an organisational culture that places safety and accountability at the centre of decision-making,” Dr. Anafure stated. He further described the Voltaian Basin project as a “national learning and capacity-building journey that can help shape the future of Ghana’s upstream industry.”
Addressing the meeting, Hon. Richard Gyan-Mensah emphasized that Explorco’s commitments reflect the government’s overall vision for the national energy sector. He noted that the government maintains high expectations for the upcoming onshore drilling campaign in the Voltaian Basin to commence as scheduled in the fourth quarter of 2026. The Deputy Minister tasked leadership to uphold strict adherence to due process and rigorous due diligence throughout the execution of the project.
Managing Director Mr. Samuel Opoku Arthur detailed operational progress across existing assets in the Jubilee and TEN fields and outlined steps taken to ensure operational readiness for the Voltaian Basin campaign.
Presenting the Company’s performance for the 2025 financial year, Managing Director Mr. Samuel Opoku Arthur reported an improved financial position, supported by growth in revenue and profitability, stronger cash generation and a significant reduction in overall borrowings. He noted that the progress provides a stronger foundation for Explorco’s future investments, while acknowledging that the Company continues to manage outstanding financial obligations and receivables.
He further reiterated Explorco’s commitment to safety, local content integration, and operational efficiency as it positions itself as a fully independent, capable operator.
The inaugural AGM reaffirmed Explorco’s commitment to becoming a capable, responsible and financially disciplined Ghanaian operator, while creating long-term value for its shareholder and the Republic of Ghana.
