Petroleum Agreements (PAs) are important part of Ghana’s success story with the oil industry. After several decades of unsuccessful investment of national resources, both human and monetary, in the exploration business, the engagement of private contractors with the technical and nancial capacity led to the discovery of commercially exploitable oil in 2007 in the Tano Basin. Ghana, like many other resource rich countries, is faced with the challenge of lack of adequate nancial and technical capacity to exploit her own resource. Investment attraction therefore becomes the necessary tool to ensure that natural resources can be extracted. Investment attraction to Ghana’s upstream sector faced signicant challenges prior to the early 2000s.