What is Ghana's stated reason for seeking to acquire Lukoil's 38% stake in the Deepwater Tano Cape Three Points offshore oil block?

Ghana aims to gain greater control over future oil output in the country and increase its share of profits by taking over the role traditionally held by international oil companies — a longstanding aspiration shared with other African producers.

What legal mechanism is Ghana invoking to pursue the acquisition of Lukoil's stake, and what triggered its exercise?

Ghana is invoking its pre-emptive right to acquire Lukoil’s 38% stake, following Carlyle Group’s January agreement to buy most of Lukoil’s international portfolio — which likely includes the Ghanaian block — and amid ongoing sanctions on Lukoil linked to Russia’s invasion of Ukraine.

Ghana Considers Acquiring Lukoil’s Stake in Offshore Oil Block Amid Sanctions

May 13, 2026

Ghana plans to exercise pre-emptive rights to acquire Lukoil’s 38% stake in the Deepwater Tano Cape Three Points block, following sanctions that previously drove out Aker Energy, while Shell explores potential investment.

bloomberg

2026-05-13

Ghana Considers Acquiring Lukoil’s Stake in Offshore Oil Block Amid Sanctions

Ghana Considers Acquiring Lukoil’s Stake in Offshore Oil Block Amid Sanctions

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