Audio By Carbonatix
Chairman of the Public Interest and Accountability Committee (PIAC) Dr Steve Manteaw, has rejected claims by some oil and gas companies that the poor data quality on oil blocks is compelling them to go for direct negotiation rather than competitive bidding.
He said that claim cannot be a good justification because the principles of going into a direct negotiation are different from competitive bidding.
Dr Manteaw made the comments on the sidelines of the launch of the civil society scorecard report on Ghana's first upstream oil and gas round.
After Government launched the first bidding process and licensing round for some oil blocks in the Western Region, about ten of the companies that submitted bids have chosen to go for direct negotiation.
This development has been described as a sign of low interest in the country's field which has been blamed on the low quality of data on the various oil blocks and small size of acreage.
In an interview after the launch of the citizens’ scorecard on the pre-qualification process, Dr Manteaw rejected the claim.
Meanwhile the inadequate public knowledge on the companies to be awarded the blocks through direct negotiation is said to undermine the quality of the competitive bidding process.
The report is part of initiatives by civil society to improve transparency in the extractive sector.
Latest Stories
-
Five people injured in stabbing at New York City’s Penn Station
24 seconds -
Ten dead after migrant boat capsizes near Malta, Italian coastguard says
48 seconds -
AMA confirms Avenor building collapse had no valid permit
18 minutes -
Report illegal dumping, earn GH¢200 — Accra Mayor launches reward scheme
20 minutes -
Victory Bible Church marks 41st anniversary with blood donation drive, medical equipment support
28 minutes -
Avenor building collapse death toll rises to three — Accra Mayor
31 minutes -
Gov’t has no clear flood strategy for Accra — Miracles Aboagye
38 minutes -
Avenor collapse: Engineer calls for strict construction site inspections by assemblies
45 minutes -
Young climate advocates blame attitudes, weak enforcement for Ghana’s recurring flood crisis
52 minutes -
School of Thoughts Ghana empowers Upper West students with AI, leadership, and market-ready skills
1 hour -
Wa East MP injects GH¢100,000 into road programme to boost infrastructure works
1 hour -
Ayine, Afenyo-Markin to headline African Governance and Anti-Corruption Summit in Accra
1 hour -
Sissala East MP secures 15 new telecom sites to improve network coverage
1 hour -
Fidelity Bank Atta Gyan calls for structural solutions to unlock capital for Ghana’s productive sectors
1 hour -
Avenor collapsed building had weak concrete, no engineering oversight — GhIE
1 hour