Managing Director for Bulk Oil Storage and Transport (BOST) Company Limited has resigned.

George Mensah Okley is said to have tendered in his resignation to the President on Friday, August 23, Myjoyonline.com can confirm

Reasons for his resignation are unknown, however, Graphiconline reports that it may be linked to the issue of contracts at BOST.

Mr Okley was appointed by President Akuffo-Addo in 2017 to act as MD for the state-owned entity following the removal from office of his predecessor, Alfred Obeng Boateng.

Read also: Heads roll at BOST, GEPA; Alfred Obeng, Gifty Klenam sacked

Alfred Obeng Boateng.

Profile of George Mensah Okley

George Mensah Okley holds a Bachelor of Science degree in Chemical Engineering from the Kwame Nkrumah University of Science and Technology; a Master’s Degree in Chemical Engineering from the University of Dortmund, with a focus on Fluid Separation Process, Process Modelling & Optimization, Process Control Design and Modelling of Dynamic Systems.

He also holds a Masters Degree in Reservoir Evaluation and Management from the Heriot-Watt University, Edinburgh, Scotland, with a focus on oil field operation (petroleum economics, production and drilling), reservoir engineering, reservoir concepts, reservoir sedimentology, formation evaluation, well testing and production, reservoir simulation, rock mechanics with geophysics and modeling with management.

In 2014, he undertook a professional course in petroleum engineering at the Imperial College, London. He also holds a certificate of completion in Well Surveillance Principles and Reservoir Management; holds a Certificate of Completion of Petrad course in Petroleum Economics; holds a Certificate of Completion of 8-weeks Petrad course in Petroleum Policy and Resource Management; and a Certificate of Completion in New Era in Oil, Gas and Power Value Creation (Project Economics).

He has been involved in the monitoring of the implementation of the Offshore Cape Three Points (OCTP); and a member of the Government Negotiation Team that negotiated Petroleum Agreements with International Oil Companies; was the Ministry’s representative on the Gas Power Infrastructure Committee for the implementation of OCTP gas project; and co-ordinated the development of the Gas Master Plan. 

Mr Okley has a good understanding and experience in Ghana’s Petroleum Regulations as member of the team that developed the Regulations; has strong Reservoir Engineering skills in Raven, Eclipse, TerraStation, Petrel, and Pansystem; and has extensive exposure in the Oil and Gas industry.

He is a native of Nungua, in the Greater Accra Region, and is married with four (4) boys.