
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
-
From perk to performance: Why employee wellness must be a core business strategy
4 minutes -
Bank of Ghana’s $1.3bn profit from gold sale could help narrow 2025 losses
12 minutes -
Odau Twafohene Baffour Osei Afrifa appointed Regent of Akyem Chia
13 minutes -
We are focused on engineering low interest rate regime – BoG Governor assures
16 minutes -
How Sporting hero Gyokeres could end European run
22 minutes -
The attack on Ghanaian traders in Burkina Faso and the blame game: Why Hybrid Security Governance Holds the Key (II)
23 minutes -
Bayern face waiting game on ‘very special’ Kane
32 minutes -
The Problem with Nutrition Advice on Social Media – Lessons from a study among University Students
40 minutes -
Arteta calls for perspective as Arsenal look to avoid slump
48 minutes -
Kasoa Old Market traders given final eviction notice ahead of redevelopment
52 minutes -
GH¢15 sachet water price is a ceiling, not fixed – Producers clarify
56 minutes -
Morocco reports 7% rise in first-quarter tourist arrivals
58 minutes -
Calm returns to Adjen Kotoku Market following onion traders’ clash
59 minutes -
One dead, six in critical condition in Gomoa Fetteh accident
1 hour -
GNFS responds to multi-vehicle crash at Ayi Mensah, urges caution
1 hour