13 oil exploration companies failed to meet their obligations – Deputy Energy Minister

Map Ghana's Oil Fields
Ghana's Oil Fields

1The Deputy Minister for Energy, Mr. William Owuraku Aidoo, has indicated that some thirteen oil exploration companies have failed to fulfill their minimum obligations within the initial exploration period and no discoveries have been made.

Mr. Owuraku Aidoo however, stated that the thirteen oil exploration companies have carried out their obligations to different degrees, and that some have reprocessed the existing data, acquired new 3D seismic data and preparing to drill exploratory wells while others have only reprocessed the existing data.

Answering a question at the Plenary by the Member of Parliament for Adansi Asokwa, Kobina Tahir Hammond, on the number of oil blocks awarded between January, 2009 and December, 2016, Mr. Owuraku Aidoo explained that the Energy Ministry and the Petroleum Commission are reviewing dormant Petroleum Agreements, to make a decision on whether to abrogate or continue the process.

The Deputy Energy Minister who doubles as the Member of Parliament for Afigya Kwabre South however pointed out that he cannot inform the House on the timelines in reviewing the Petroleum Agreements.

Speaking on the floor of Parliament, Mr. Owuraku Aidoo reiterated that fourteen oil blocks were awarded between January 2009 and December 2016.

He also disclosed that the Offshore Accra Contract Area Petroleum Agreement (OACAPA), initially operated by Tap-Oil, was relinquished while five of the agreements of the oil blocks were affected by the International Tribunal of the Law of the Seas (ITLOS) ruling.

He further added that the five Petroleum Agreements affected by the ITLOS ruling were the Expanded Shallow Water Tano Block, Offshore South West Tano Block, Central Tano Block, South Deep Water Tano Block and the South West Saltpond Block.

William Owuraku Aidoo noted that the oil exploration companies in charge of the agreements have had their initial exploration periods extended, to cater for the time lost as a result of the ITLOS ruling.

The Deputy Energy Minister concluded that work programs are ongoing for most of the oil exploration companies in the initial exploration period because of the extensions.

However in an interview with the press, the Member of Parliament for Adansi Asokwa, Mr. Kobina Tahir Hammond, averred that he was not satisfied with the response of the Deputy Energy Minister. The legislator, who doubles as a Member of the Parliamentary Select Committee on Mines and Energy, stated that contracts of the dormant oil exploration companies should be abrogated.

He indicated that the contact agreements awarded to the oil companies ranges within a period of 8 years, and that they should have discovered some volumes of oil, to depict some level of seriousness.

He explained that some of the oil exploration companies do not have enough capital and technical expertise, to effectively utilize the various oil blocks allotted.

K.T. Hammond added that although the boundary dispute between Ghana and Cote D’Ivoire at ITLOS slowed exploration at the oil fields, it should not be a justification for some of the oil exploration companies to remain dormant.

By: Theresa Adezwa Aryeetey – Parliament House

Publish on Apt

Do you have any Social, informational, educational or entertaining stuff that should be featured on www.aptnewsghana.com?

Please submit your stories, pictures, and videos to us via WhatsApp: +233548388489 or click on the icon on your screen. Alternatively, email us: aptnewsghana@gmail.com

RSS APO Group – Africa-Newsroom: latest news releases related to Africa

  • Coronavirus - Eswatini: COVID-19 Daily Info Update (26 July 2021) July 26, 2021
    Total daily Tests: 1,114 Active Cases: 2,431 New Deaths: 7 New Confirmed Cases: 342 Recoveries: 20,157 (195 New) Total Deaths: 759 (CFR 3.3%) Cumulative Confirmed Cases: 23,347 Currently Admitted: 238 Total Vaccinated: 1st Dose 38,326                              1st  and 2nd Dose 27,341  Distributed by APO Group on behalf of Ministry of Health, Government of the Kingdom of […]
  • Coronavirus - South Africa: Covid-19 Statistics for Republic of South Africa (26 July 2021) July 26, 2021
    A total of 23 349 tests were conducted in the last 24 hrs, with 5 683 new cases, which represents a 24.3% positivity rate. A further 243 related deaths have been reported, bringing total fatalities to 70 018 to date. Distributed by APO Group on behalf of National Institute for Communicable Diseases, South Africa (NICD).Media […]
  • Coronavirus - Malawi: COVID-19 Daily info Update (26 July 2021) July 26, 2021
    New cases: 372 Cumulative Confirmed Cases: 49,009 Active Cases: 10,642 Total Recovered: 36,672 (203 New) Currently Admitted in Treatment Units: 377 (59 New) New Discharges from Treatment Units: 34 Total Test Conducted: 323,864 (1,364 New) Total Deaths: 1,513 (33 New) Total Vaccinated First Dose: 385,242 Total Vaccinated Second Dose: 43,165 Distributed by APO Group on […]
  • Advisory for Indian arrivals in Egypt (26 July 2021) July 26, 2021
    Download logoAll Indian arrivals to Egypt are advised to note the following: Indian arrivals are subject to rapid DNA (ID NOW) test irrespective of valid Vaccination Certificate and RT-PCR negative test report that they carry with them. If tested positive, another RT-PCR test would be done by airport quarantine authorities. If the RT-PCR report also […]
  • Malnutrition among children expected to quadruple in Southern Madagascar as drought worsens, warn UNICEF and WFP July 26, 2021
    Download logoAt least half a million children under the age of five are expected to be acutely malnourished including 110,000 in severe condition, in drought-affected southern Madagascar, suffering irreversible damage to their growth and development. The number of acutely malnourished children is likely to increase fourfold since the previous assessment conducted in October 2020, warn […]
  • Coronavirus - Kenya: COVID-19 Update (26 July 2021) July 26, 2021
    New Cases: 550 Sample Size: 4,087 Positivity Rate: 13.5% Recoveries: 786 Recorded Deaths: 7 Cumulative Tests: 2,097,101 Total Confirmed Cases: 197,959 Total Recoveries: 186,594 Cumulative Fatalities: 3,872 Distributed by APO Group on behalf of Ministry of Health, Kenya.Media filesDownload logo
  • Coronavirus - Kenya: COVID-19 Vaccination (26 July 2021) July 26, 2021
    Total Vaccinations: 1,673,272 Total First Doses: 1,047,592 Total Second Doses: 625,680 Second Dose Uptake: 59.7% Proportion of Adults Fully Vaccinated: 2.3%Distributed by APO Group on behalf of Ministry of Health, Kenya.Media filesDownload logo
  • One week left to apply for the Rugby Africa Media & Photography Awards! July 26, 2021
    As part of Rugby Africa’s (www.RugbyAfrique.com) work in growing the culture of sport across the African continent, 2 exceptional creatives will be recognised for their contributions in the promotion and progression of the game and will have the opportunity to walk away with an incredible US$1500! With the deadline for entries being extended to July […]
  • Coronavirus - Africa: Improving Testing Rate -WHO Supports Ondo State to Integrate COVID-19 Sample Collection as Part of Essential Services July 26, 2021
    The World Health Organization (WHO) has supported Ondo State to integrate COVID-19 sample collection into the essential health care services. The intervention has led to an increase in the number of samples tested from an average of 70 to 321 per week, since the integration.  The intervention was informed following a decline in most of […]
  • Team Europe pledges support for eradicateMalaria, an initiative aiming to facilitate the development and production of a highly efficacious malaria vaccine July 26, 2021
    Download logoBacked by the eradicateMalaria initiative, German company BioNTech announces a malaria project consisting of the development of an mRNA-based vaccine against the disease and the evaluation of mRNA vaccine production in Africa; The initiative can count on substantial financing by Team Europe, including for the late-stage trials of BioNTech’s project; eradicateMalaria is run by […]
About Editor 618 Articles
Joe Bright Nyarko Journalist/Communication Researcher. Environment & Sustainability Advocate. Managing Editor of aptnewsghana.com, a non-profit news portal with bias towards environment and sustainability issues, rural development policies and gender & inequality.