AGM Petroleum the African focused private oil and gas Exploration Company, announces the opening of its permanent office in Accra, Ghana.

The office will be the operational centre for AGM Petroleum activities in Ghana and West Africa as the Company commences the exploration programme of its South Deep Water Tano (SDWT) prospect.

AGM Petroleum is owned by a Consortium, AGR Gibraltar, comprising of Minexco (OGG) Inc. (“Minexco”), AGR Energy AS (“AGR”) and MED Songhai Developers Limited.

Within the consortium, in addition to the operational expertise of Minexco Petroleum’s management, AGR Energy, brings specific technical capabilities in offshore well engineering, which will be integral to the development of the future drilling programme

AGM Petroleum will work with the Ghana National Petroleum Company (GNPC) to explore and develop the SDWT offshore prospect, which is part of the prolific Tano Basin boasting several discoveries.

In addition to coordinating AGM Petroleum’s partnerships with the GNPC and the Government of Ghana, the new office will also be used to advance its industrial training programme targeted towards the development of local sector capabilities.