Petrel Resources and Clontarf Energy, with a Ghanaian partner, have been offered revised deep water Tano Basin acreage by Ghanaian officials, which have been accepted in principle.
The acreage, which has been offered to Pan Andean Resources, a company 30% held by Petrel, 60% by Clontarf and 10% by local Ghanian interests, has not yet been disclosed.
The partners are still in negotiations to finalize a revised petroleum agreement.
In June, Petrel, based in Ireland, said the group had been offered a block named Lukoil B, a block in deeper waters than Tano 2A. Lukoil B, previously known as Cape Three Points Deep, had been operated by Lukoil, which relinquished the license in 2015.
Tano 2 had been the subject of negotiations for many years, but without success.