Audio By Carbonatix
Petroleum expert, Dr Yusif Sulemana, says government must tackle the suit by Italian oil and gas firm, Eni against the Government of Ghana with credible data.
President Nana Akufo-Addo in his response to the suit expressed disappointment with Eni stating that the matter was still being discussed.
Government believes that the amalgamation of the resources of the two oil firms on the same land could increase its revenue and optimize operations.
But Dr. Sulemana believes that, in the oil and gas field, taking entrenched positions do not entirely solve issues, but credible data should be provided.
“At the end of the day, it is data that will speak. If government of Ghana is preparing defense they should just make sure that they have credible data from the side of Springfield to buttress that these two fields are actually struggling because in this case, there are various stages that has to go through.”
“An independent body must be set up to examine, to probe the matter. And if it should be proven beyond reasonable doubt that the companies are not struggling, then Ghana is going to be a laughing stock.
According to him, unitisation is not bad, adding, Ghana has legitimate rights to do so.
Joy Business sources suggest that government is expected to submit its response on or before the 16th of September after which the court will set a date for the hearing.
Italian oil and gas firm, Eni, filed a suit at the International Tribunal in London, United Kingdom, to challenge a directive by the Ministry of Energy, asking, the oil firm to unitise Sankofa offshore oil field and Afina oil block operated by Springfield E&P, a wholly Ghanaian upstream player.
According to thesaurus, unitisation is the joint development of a petroleum resource that straddles territory controlled by different companies
In a statement filed by three renowned lawyers namely Craig Tevendale, Andrew Cannon and Charlie Morgan from Herbert Smith Freehills LLP, Eni is seeking five reliefs from the Tribunal.
The claimant wants the Tribunal to declare that the purported 9th April directive, 14th October directive, 6th November directive and any other steps taken to implement those directives represent a breach of contract under the Petroleum Agreement.
Latest Stories
-
GNFS warns of economic disaster if safety lapses occur at Kpone power enclave
10 minutes -
Xenophobia: NUGS President warns of mass action if gov’t renews Gold Fields lease
11 minutes -
Photos from 2026 Hitz FM Rep Ur Jersey
60 minutes -
Sterling arrested on suspicion of drug-driving
1 hour -
Ageing fire tenders, lack of hydrants threaten emergency response in Tema Region
2 hours -
Fans defy rain to watch Champions League final at Hitz FM Rep Ur Jersey
2 hours -
Bijou Homes showcases affordable living at 2026 Open House Fair
2 hours -
Barker-Vormawor challenges legitimacy of Anti-LGBTQ+ Bill approval
2 hours -
African Games audit findings are too serious to ignore; officials must answer – NITA Boss
3 hours -
An open letter to the President of the Republic of Ghana
3 hours -
Fans flood Aviation Social Centre for Hitz FM’s Rep Ur Jersey ahead of Champions League final
3 hours -
Kojo Antwi and Meiway set London ablaze with historic live concert at Dominion Centre
4 hours -
Arrive three hours before flight home, airline boss tells UK holidaymakers
4 hours -
US, UK and Australia to develop underwater drone technology
4 hours -
Prisons Service launches investigation after inmate linked to murder of Abamba Queen Mother
4 hours