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
-
Over 2,800 crates of eggs sold at The Multimedia Group’s X’mas Egg Market as consumers express satisfaction
11 minutes -
Police to enforce ban on unauthorised use of sirens and strobe lights
25 minutes -
Newsfile to discuss Kpandai rerun halt, Ofori-Atta’s extradition fight, and Bawku Mediation Report
1 hour -
Between imperialism and military rule: The choiceless political reality in West Africa
1 hour -
One killed, 13 injured in head-on collision at Ho
1 hour -
Techiman Police arrests three suspects in drug-related activities
1 hour -
John Kumah’s widow, Lilian Owusu remarries
2 hours -
Mastercard boosts Africa acceptance network by 45% in 2025, accelerating the continent’s digital economy
2 hours -
GNFS to clamp down on traders blocking Fire Hydrants after Cantoments Barracks blaze
2 hours -
Minority raises concerns over revised lithium agreement
2 hours -
Developing countries paid more in debt service in 2025 – World Bank
2 hours -
Education Minister raises concern over prolonged CETAG strike
2 hours -
MUSIGA Greater Accra names AMISTY GH Discovery Artist of the Year
2 hours -
Vice President honours Nkrumah’s photographer, Chris Hesse, for safeguarding national memory
2 hours -
3 arrested for impersonating Speaker, IGP on social media
2 hours
