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Ghanaian businessman and Chairman of Lakeland Oil and Gas International Trading and Supply Company Limited, Henry Djaba Jnr., signed agreements for the development of two oil blocks in March with a local partner in Guyana.
According to Djaba, Lakeland, with an interest in acquiring more Oil Blocks in Guyana, will now go ahead to engage directly with the government of Guyana in the next bid round or by direct negotiation.
At the recent Afrexim AGM held in Nassau, Bahamas, it was confirmed that one of Lakeland Exploration group of companies has already signed agreements and is focusing on the acquisition of strategic oil assets in the South American /Caribbean region and the African continent.
Henry Djaba’s Lakeland Exploration Company set to invest $1bn in Guyana
According to the Lakeland CEO, “Namibia, Chad and Suriname are the other areas the company is looking at investing a further $3bn (three billion US Dollars)”.
He said $1bn would be invested in Guyana, $3bn in Namibia, Chad and Suriname, $500m in an ongoing Refinery project, and $1.5bn in an FLNG project.
He added that agreements had been signed with local partners in Guyana to invest $1bn (one billion US Dollars) in a Deep offshore and a Shallow oil block in Guyana.
“Oil prices having maintained consistently high levels for such a long period is a major factor in our drive to enhance Lakeland’s portfolio by acquiring strategic assets in different countries,” he explained.
