Henry Djaba’s Lakeland Exploration Company set to invest $1bn in Guyana

Ghanaian businessman, Henry Djaba Jr., has confirmed that his company, Lakeland Oil and Gas International Trading and Supply Company Limited, has signed agreements with local partners in Guyana to invest $1bn (one billion US Dollars) in a Deep offshore and a Shallow oil block in Guyana.

He revealed this when the company signed agreements earlier this year for the development of two oil blocks on 11th March 2024, with a local partner in Guyana.

Lakeland has decided that under the leadership of Mrs Titi Ogunbanjo, who is the Chairman and a substantial shareholder of Lakeland Exploration Company Limited, they are also interested in acquiring more oil blocks in Guyana.

They will now go ahead to engage directly with the Government of Guyana in the next bid round or by direct negotiation if possible.

Mrs Ogunbanjo, who was at the recent Afrexim AGM held in Nassau, Bahamas, is spearheading Lakeland’s acquisition of strategic oil assets in the South American / Caribbean region and on the African continent.