GNPC

Stock performance

History

GNPC, the Ghana National Petroleum Corporation, was founded to manage Ghana's oil and gas resources and grew substantially in significance following the 2007 discovery of the offshore Jubilee oil field, which transformed Ghana from a minor oil importer into a meaningful regional oil producer by the early 2010s.

Business model

GNPC manages Ghana's state interests in offshore oil and gas production, holding equity stakes in major fields including Jubilee and TEN and marketing the country's share of crude oil output to international buyers.

Market position

GNPC holds a central position in Ghana's oil sector as the state's primary vehicle for managing offshore petroleum resources, working alongside international oil companies including Tullow Oil and Kosmos Energy that operate the country's major fields.

Country impact

GNPC is one of the most economically significant institutions in Ghana, and oil revenue managed through GNPC has become an important, if still developing, source of government revenue since the Jubilee field discovery transformed the country's energy sector.